This May be the Golden Ticket We’ve Been Looking For in Metro Detroit, As We’re Paying $72.91 For a Gallon of Gas…

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Marathon Petroleum Co. is targeting its Detroit refinery for a $1 billion upgrade that would allow the facility to process Canadian crude oil. Such a move would add 135 jobs to the refinery and increase gasoline supplies in Michigan

Keep two things in mind:

  • The law of Supply and Demand
  • The fact that seemingly no one invests in refineries because it means less revenue for oil companies, plus no one wants an unsightly refinery in their back yard.
  • An economics teacher once said in class that if the oil companies start investing in domestic refineries, it’s a sure sign we’ve living in the end times. He was joking but made his point. More refineries means more fuel… more fuel (higher demand) means lower prices. No, I don’t expect us to go back to $0.89 9/10, but it may make a dent in our uncharacteristically high fuel prices compared to the rest of the nation. Let’s see where this goes…

    About radamdavidson

    When I'm not blogging, I'm hanging out with my family, pastoring a church, or listening to vinyl. I think and write about Jesus, music, communication, organizational leadership, family whatnot, and cultural artifacts from the 1980's -- mostly vintage boomboxes. You can read my blog at www.radamdavidson.com, watch [RadCast], a daily 3 minute video devotional, or find me on socials (@radamdavidson). I also help Pastors in their preaching and public speaking (www.CoachMyPreaching.com).
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