gasoline pricing

I'm sure you all have experienced this, no matter where you live: Gasoline prices are the same throughout your neighborhood, no matter what brand you buy... and they ALL go up to the same price, but competitively reduce their prices until the next spike. The price increases by 20¢, but lowers by pennies. So why is it that that fuel already in those stations tanks fluctuate so much? I pose the question, but I don't have the answer. But, I do have some interesting facts about our oil 'industry'.

• There is enough recoverable crude oil within the continental US to supply current and projected future demand for 400+ years, and that's just the oil we know about. It doesn't account for future discoveries. That's a fact...
  
• We do not need to import a SINGLE DROP of foreign crude oil. The domestic oil industry can easily meet, and even surpass domestic demand. We've done it before, and we can do it again. That's a fact...
  
• The domestic oil industry currently cannot satisfy domestic demand due to oil drilling restrictions imposed by the federal government. That's a fact...
  
• The price of EVERYTHING revolves around oil, and the law of supply vs demand dictates the price of oil. When oil is plentiful, commodities are cheap. When oil is scarce, commodities are more expensive. Right now, domestic oil is scarce, and the price of everything is high because of these restrictions imposed by the federal government. That's a fact…
  
• We import foreign oil from countries that drill and produce it much cheaper than we're able to because they do not implement all of the environmental safeguards that we do. Their methods are FAR more destructive to the environment than ours are. That's a fact...
  
• Every year, the federal government leases tracts of land to oil companies so they can explore on it for oil. If enough oil is found during exploration, the company can then apply for a drilling permit which allows them to drill a well. If no oil is found during exploration, or if the amount found is not enough to be profitable the lease expires without ever being drilled on. Leases that are active, but not being drilled on does NOT mean that oil companies are being lazy, or are trying to keep the oil for themselves, etc. etc. It means they've either explored the lease for oil and found nothing, or found oil but it's not enough to justify drilling for. That's a fact...
  

it’s not Russia's fault, or China's fault, or Ukraine, or India, or Venezuela, or Iran, or Bangladesh, or any other countries' fault as to why everything is so expensive right now. It's the figurehead of the progressive left Joe Biden's fault, because they are suppressing the domestic oil industry for political gain. Price it so high,the population will have to, 'go green'.

EVERYTHING depends on crude oil... but you might not know that if you believe the lies that are being told about oil and the oil industry.

As with all of my posts, your comments are welcomed.