Thread: $4.00 + gas pricing coming for the summer

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[QUOTE=jerry clayton;454295]Uncle Bob


The Alaska oil is (was) supposed to be only for USA however since no refineries on west coast (California) to process,and the tankers won't fit thru the Panama Canal, its shipped to far east and the oil companies replace it with crude from Venzula which is transported across the Gulf of Mexico to Texas, where the refineries are.

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Yeah Jerry, that story has been repeated so many times people think it's true, however it is not. Here in Washington we have refineries that process Alaska crude everyday, and California refineries do as well (though Mexican crude can get there cheaper at times as well). Also, Federal Law prohibits the sale of Alaska crude as export. I've not seen any legislation that reverses that, though if someone does the real research and comes up with the statute reference (not rumor) I'd be happy to learn and correct my comment.