Thursday, August 18, 2011

"Under President Bachmann you will see gasoline come down below $2 a gallon again," Bachmann told a crowd Tuesday in South Carolina. "That will happen."

http://money.cnn.com/2011/08/18/news/economy/bachmann_gas_prices/index.htm?hpt=hp_t2#disqus_thread

THE COMMENT I POSTED BELOW


"In her home state of Minnesota and in the Midwest in general she might get gas down to $3 per gallon but I don't see $2.  The greatest increase in production would be in th North Dakota, the east side of the Rockies and Canada if the KeystoneXL pipeline is built.  These have pipelines going to Midwest refineries.

They say that oil is "fungible" but already they are rail unit trains of tanker cars transporting oil out of the "Bakken".  There i a $20 spread between benchmark Texas light sweet crude and Brent North Sea light sweet crude."

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