O'Reilly gas price

Bill O’Reilly is once again on the rampage saying that the big oil companies are gouging us at the pump. He cannot get it through his head that the oil companies make money selling oil not gasoline.
HOUSTON — Exxon Mobil Corp. said Thursday it’s getting out of the retail gasoline business, following other major oil companies who’ve been selling their low-margin stations to gasoline distributors.
Exxon Mobil is not alone among Big Oil exiting the retail gas business, a market where profits have gotten tougher as crude oil prices have risen. In fact, industry officials say the major oil companies own fewer than 5 percent of U.S. gas stations.
Current capacity of US oil refineries is 17.7 million barrels per day and they are producing 16.9 million or at 95%. Some refineries are always down for maintenance and repair.
There are plenty of reasons gas costs so much, but one of them is that the United States doesn't have enough refineries. The National Petrochemicals and Refiners Association says that the last new refinery built in the United States was Marathon Ashland's Garyville, La., plant —and it was completed in 1976.
If President Obama would come out tomorrow saying he was issuing permits for 100 new refineries and the government would offer low interest loans to finance them and at the same time announce that he would issue permits to drill for oil off both coast and in the Gulf and in Alaska and on federal lands the price of gas would begin to fall. In addition these are high paying jobs.
When he says there is no magic bullet to bring down the price of gas he means there is no way without increasing the use of fossil fuel.