RedNova News - Science - Oil Companies' Profiteering to Blame for Gas Price Spike, Says FTCR: "FTCR's research has exposed manipulation of domestic refining capacity
and inventories by American oil companies as the reason behind gasoline
price spikes, not the traditional scapegoats of Big Oil: OPEC,
government regulation, litigation, and environmental standards. (Read
FTCR's reports and research on high gasoline prices at
http://www.consumerwatchdog.org/energy/gasprices/ )"
It would be interesting to see how many refineries have been shuttered in the last five years, especially on the west coast.