Refining Entities News Today

and being the saudis now starting up this, you know, tournament of their own, and this sports washing that theyre doing, trying to buy respect on the world stage, trying to improve their image, just be truthful, you know, just work with the truth instead of hiding behind lies. thats how you gain respect. you cant buy it. you have to earn it. >> terry, wonderful to have you this morning. thank you so much for speaking with us. >> thank you for having me. >> and "new day" continues right...

Hear, the reason he wrote this letter is because he wants to hear from these refining entities about why was it, for example, when oil was $120 a barrel in march, and we paid about $4.25 a gallon, but today when oil is the same price on a global market, were paying over $5 a gallon? whats causing that 75-cent delta? we know that as you noted earlier in the show the capacity has come offline, refining capacity. but even between march and today, we are seeing these massive profit taking on the par...