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So is the answer at least partly that we are in an international market for oil?
Are China and Europe and India increasing demand for oil while Nigeria and Mexico (and who else?) reduce or barely maintain exports?
Is the Export Land model coming into play here as well?
The USa is no longer the center of the oil universe, so even as we cannot refine all the oil available to us to meet our own rising demand, the rest of the planet is more than making up for our inability to drive the price of oil higher....?
I think for now the U.S. is still the center of the oil universe, with its position slowly eroding relative to Asia. U.S. demand for gas imports and its refining capacity limits suppress the price of WTI on the one hand, and help inflate the price of Tapis on the other.
So the answer is partly that we're a regional market for oil. I'm probably the only one who's surprised when oil turns out not to be that perfectly fungible global commodity the rest of you never thought it was to begin with.
So is the answer at least partly that we are in an international market for oil?
At least partly an international market for gasoline too.
The top three sources of gasoline imports to the US in the last six months: the UK, Virgin Islands, and France. The Virgin Islands is an interesting source, with most of the crude coming from Venezuela.
why do you find it interesting? that huge refinery has been there for decades feeding gasoline into the Hess system. Hess sold a big interest in it to PDVSA to ensure crude supply and to take out some cash (I suspect).
Venz has been a source of gasoline to the USA for ages on top of all the crude they sell us.