The Hidden $40-Per-Barrel Cost Driving Oil Prices Higher
When Americans think about the price of oil, they usually focus on the number quoted every day in financial markets. If Brent crude is trading above $100 a barrel or West Texas Intermediate is near $100, those numbers become shorthand for whether oil is expensive or cheap. But that market price is only part of what ultimately determines the cost of getting crude oil to a refinery. But…
We haven't written up this one. OilPrice has the full story — the link below goes straight to it.
