Quote:
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``What we're surprised by is the increased demand,'' said James Mulva, chief executive officer at ConocoPhillips, whose refineries from California to New Jersey produce 56 million gallons of gas a day, enough to meet 14 percent of the country's needs. ``Even though the price of gasoline is up, the demand is up,'' he said in an April 12 interview in Houston.
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Price is determined in large part by what the market will bear.
Demand is up. People keep buying mega-SUVs and 4000 pound cross-dressers to haul little Jimmy to school 2 miles away or 7 passenger vehicles that can tow a small house - to commute in. ConocoPhilips is only glad to take your money as demand increases. Keep buying your big thirsty vehicles. Oil execs approve.
"You can afford it".
