w1ld wrote:
] ] That what T. Boone Pickens thinks. Pickens, whose
] ] fight for Gulf Oil in the 1980s made Gulf part of
] ] what today ChevronTexaco (CVX, news, msgs), said the
] ] problem isnt the price of crude oil. Its that no
] ] new oil refineries have been built in the United States
] ] since 1976.
] ]
] ] And unless oil companies can be assured they get all the
] ] environmental permits, you wont see a new refinery, he
] ] said on CNCs Closing Bell.? And you wont see
] ] lower gasoline prices.
] ]
] ] $3 a gallon gasoline isnt a sure bet, however, Pickens
] ] said. That depends on whether $2 a gallon gasoline today
] ] will depress demand. If demand doesnt fall back, $3 is
] ] quite possible.

Oooooooooooooooooo! Scary. Considering that I now pay $8 a gallon in the UK. Get real. In fact, get smaller cars...

RE: How high will gasoline prices go? Maybe $3How high will gasoline prices go? Maybe $3