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Old 10-09-2012, 03:59 AM
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BeemerMikeTX BeemerMikeTX is offline
Officially Welcomed to the 'Fest
Location: League City, TX and Santiago, Chile
Join Date: Jun 2010
Posts: 787
Mein Auto: Z3 3.0i Roadster, K1300S
Originally Posted by Ajax View Post
Here's $88 of truth for you. Not a single facility in California refines West Texas Intermediate, so quoting that price doesn't mean a damned thing.
Actually, it does mean a damned thing. The price/cost of the crudes that California refineries process is almost certainly based on the market price of WTI or Brent. That is just how the contracts are structured.
Mike White
"That's right, you're not from Texas, but Texas wants you anyway." -LL
2001 Z3 3.0i Roadster (Topaz Blue Metallic, 5-speed manual, Sport Package, CD radio, heated seats and mirrors, non-power top via special order)
"Beemer" is for my BMW motorcycles - '13 K1300S, '95 R1100RS, '88 K75S, '75 R90S (gone, but not forgotten).
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