Forum Discussion
TriumphGuy
Nov 30, 2012Explorer
NewsW wrote:
You are not seeing the discount because refiners are making good money shipping finished product (diesel) to Europe, playing the spread between Brent and West Texas Intermediate.
If the Iranian embargo is not there, Brent price would have equalized with West Texas by now.
I keep making the mistake of not thinking globally. Just because US has supply and refining capacity it doesn't necessarily translate into our fuel prices changing (for the better anyway)...
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