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garlicroastedpotato t1_iuy5dor wrote

Reply to comment by amanamongbotss in What factors contribute to gas prices? [OC] by USAFacts_Official

I know refining is incredibly small. They earn $0.05 per gallon of gas sold.

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GranPino t1_iv0pc6c wrote

That would be a normal year. But when there is lack of refining capacity, the margin skyrocket.

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drawkbox t1_iv113cx wrote

Oil/gas cartels work hard to control the amount of refineries down as well as take out leases they never utilize. Then they blame others and other factors for "lack of refinery capacity".

Smaller amount of refineries and fewer companies that control production of refineries that control those, keep the price of gas high or the margins tight, that is desired by the oil/gas cartels the most out of anyone.

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