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View Diary: The Gas Price Mechanism that makes their Free Market go round (19 comments)

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  •  US oil demand (1+ / 0-)
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    jamess
    U.S. demand for oil and refined products - including gasoline - is down sharply from last year, so much that United States has actually become a net exporter of gasoline, unable to consume all that it makes. Yet oil and gasoline prices are surging.
    US demand is only a small part of the global oil market, which is what is spiking US gasoline prices.

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