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There is a second big issue with refineries. There are many different 
formulations sold in this country based on state laws. For example CA 
requires a different formulation that most other states. CO and some 
other inter mountain states require different formulations in winter and 
summer.

This causes a lot of refinery down time to clean the refinery to produce 
a different formulation. This also results in differences in supply and 
demand for the different formulations. This is one of the biggest 
contributors to the differences in the cost. The federal and state 
governments could go a long way in stabilizing gas cost if they would 
agree on a nation wide formulation for gasoline.

I'm no fan of oil companies, however, given the current politics in the 
world their risk is quite high. Some tin horn dictator can walk in with 
his military and seize all the assets of an oil field at the blink of an 
eye. They have to cover that risk.

Truman

Joe Long wrote:
> By far the biggest component of the price we pay for gasoline and 
> diesel is the world price of crude oil. A price driven up by many 
> factors, including instability in the Middle East, politics, and the 
> rapidly rising demand from India and China. The next biggest factor is 
> refining costs and capacity, and politics in the U.S. has prevented 
> the building of any new refineries for decades.


--

“It doesn't matter how beautiful your theory is, it doesn't matter how 
smart you are. If it doesn't agree with experiment, it's wrong” Richard 
Feynman, Nobel Laureate in Physics


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