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Old 10-09-2012, 03:59 AM
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BeemerMikeTX BeemerMikeTX is offline
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Location: League City, TX
 
Join Date: Jun 2010
Posts: 668
Mein Auto: Z3 3.0i Roadster, K1300S
Quote:
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.
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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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