Mainline U.S. Media Ignores Connection between Gasoline Prices and Exports. Why?

The mainline U.S. media cites several alleged reasons for increasing gasoline prices, including refinery outages, increased summer driving, tension in the Middle East, etc. Recent news headlines below provide more detail about gasoline price hikes except for U.S. gasoline exports. The graph below shows that gasoline exports have increased by nearly a factor of 3 from 2000 to the present.

Why is the mainline U.S. media ignoring this factor? Avoid public anger? Fear of annoying oil companies?

GASOLINE PRICE HIKE HEADLINES

Rising gas prices lift consumer inflation in June

Reuters, July 16, 2013

Sharp increase in gas prices limit drivers

NBC 40.net, July 15, 20

Gas Prices Up 15 Cents a Gallon in a Week

ABC NEWS, July 16, 2013

Oil down slightly; gasoline highest since June 2010

CBS Money Watch, July 16, 2013

Why gas prices are likely to keep climbing

CNN Money, July 18, 2013

4 Comments on "Mainline U.S. Media Ignores Connection between Gasoline Prices and Exports. Why?"

TIKIMAN on Fri, 19th Jul 2013 11:42 am 



Probably the same reason why the media doesn’t report on the Obama administrations crimes.

westexas on Fri, 19th Jul 2013 12:00 pm 



The four week running average of US gasoline exports is down to about 0.3 mbpd (million barrels per day), which is about half of what it was in February, 2013, and it a pretty small percentage of total consumption.

The primary reason for high oil and product prices is that Global Net Exports of oil (GNE) have been down since 2005, with the developing countries, led China, consuming (so far at least) an increasing share of a post-2005 declining volume of GNE.

In effect, developed net oil importing countries like the US are gradually being shut out of the global market for exported oil.

rollin on Fri, 19th Jul 2013 1:17 pm 



I can see JH Everson is in the dark about the petroleum industry. As demand in the US fell, refineries simply kept importing more petroleum and finding new buyers for finished refined product. Countries like Mexico and Venezuela do not have enough refining capacity and buy our refined products. The US refineries keep up their profit by importing/exporting.

GregT on Fri, 19th Jul 2013 5:04 pm 



Anyone, by this point, that hasn’t figured out who controls the MSM, should refrain from asking stupid questions, and do a bit of research.