Last night I was actually lucky enough to find a history channel special about oil prices. It seems that not only is OPEC holding down its production, but also the major refiners here in the states, like Exxon-mobile, haven’t increased their refining capabilities in quite a few years. This means that if even one major refinery is shut down of any period of time, the system here in the states cannot effectively handle it and the price at the pump will most likely jump.
While it might not directly pertain to my research, I also thought that the special had some interesting insights on how to get more gas for your dollar. For instance, if you can fuel up your car in the evening when it is cooler, there will be more gas in the gallon you pump because the temperature causes the gas to condense and the pumps do not take this into account when it gives out the gas. Conversly, you shouldn’t fill up during the heat of the day because the gas you are pumping will give you fewer miles.
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I do not really have any insights on this topic. All I really have to say about oil price is that IT IS EXPENSIVE AND I AM NOT VERY HAPPY ABOUT IT. And I did not know that if you get gas in the evening you get more gas. I am now going to get gas at night, period.
Anyways, I think this topic is interesting but I personally would not be able to do a research paper on this. So... hooray for you Tony!
Good luck with the paper!
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