Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

12 of 13
BACKNEXT
Easing refining restrictions
Refineries seem to be in a perpetual mess. They currently have to make over 40 types of gasoline blends to meet clean air requirements in different areas, and a new one hasn't been built in this country in over 30 years.

Easing clean air requirements or reducing the number of blends made might bring down prices. And there have been plans floated to require the industry to build more refineries.

But the industry says making all those different blends actually doesn't cost that much more money. And other analysts say refiners are barely turning a profit using the refining capacity they currently have, as gasoline prices have not risen as much as the price of crude oil.

NEXT: Building more nuclear plants

Last updated September 25 2008: 3:43 PM ET
More Galleries
Here's what costs more than a barrel of oil Oil prices have crashed to below $27 a gallon -- a level not seen since 2003 -- which makes a barrel of crude cheaper than lots of everyday purchases that we don't think twice about. More
Super Bowl 50 ads are studded with celebrities The 2016 Super Bowl has rolled out the red carpet for the likes of Helen Mirren, Amy Schumer, Seth Rogen, Steven Tyler and the late, great Marilyn Monroe. More
The women of marijuana These women entrepreneurs and executives are making their mark in the marijuana industry. More

Special Offer