Quote:

Originally Posted by Ajax 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
2001 Z3 3.0i Roadster
(Topaz Blue, 5-speed manual, Sport Package, CD radio, heated seats and mirrors, non-power top via special order)
"Beemer" is for my BMW motorcycles!