Because oil company shareholders like earning BIG dividends; less refineries means increased prices at the pump...which means more profit for oil companies. That's what's happening in North America - the rich are getting richer, the poor are getting poorer, and the middle class is getting squeezed.

Here in Canada we actually have the indigenous capability to provide enough oil for our entire population, but again, that would mean cost of development and it would level out gas prices, both of which reduce profits for shareholders.

So in the meantime we all get polled in the hiney.

EDIT: I hate these language filters!

 

Wow.. maybe its becuase they know pple will never stop buying gas no matter how high it goes.. If a lot of pple in the US stops buying gas for a couple days they will lower the prices i bet. That will show them a lesson bout greedyness

 

These high prices are world over not just here in the US. Maybe someone in Europe will chime in and tell us the price there.
It will not stop me from the Shelby purchase because it will only be a fun driver and live most of its time in the garage.

 

The price of gas won't affect my purchase decision since the Shelby won't be my daily driver. However, a greater concern is that sustained high gas prices will have a detrimental effect on the entire economy, driving up the cost for all raw materials making everything including cars more expensive. For me, I'm buying the Shelby.

 

not to sound mean but i for one can not understand why people do this..buy a hotrod and stick it the garage to sit, atleast your going to drive it ..some people dont they trailer thecar everywhere. these cars were meant to be driven...

 

Yeah I saw on the news the other night that the oil companies were sitting on approx. $500 BILLION in just extra cash reserve. :bang: They were hesitant to touch that for exploration for oil or building more refineries because they believe the gas prices will crash eventually and become cheap again. If that happens, after they build new factories, gas will be even more cheap and they would make hardly any money at all.

 

wont stop me and my dad

 

my current stang gets 12 mpg. I'm hoping my shelby will get better if I can keep my foot out of the go fast pedal

$5/gallon will make no differance. 10/gallon would cause for some reflection

 

:shock:

Must be nice to be rich.

 

Roger That B.C. Shelby

 

I think 250 miles per tank is very optimistic based on the way most people will drive the car.

 

The EPA will not let the U.S. build more refineries in the country. The price of gas in U.K. is around $5, but that is because it is taxed heavily. During the 90s when oil was $12 a barrel the oil companies were losing billions of dollars.