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The Water Cooler
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Another Reason Not to live in CA. Gas hits record high.
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<blockquote data-quote="DPI" data-source="post: 1929265" data-attributes="member: 793"><p>Another point, if it is Wall Street, please explain why gas prices are closing in on $5 per gallon in CA and dropping to $3.41 here in Tulsa this morning.</p><p></p><p>There is a spread between WTI and Brent causing refineries like HollyFrontier to bump up and max out their production. They are buying WTI at a substantial discount to Brent and selling at the Brent refined prices. That is one reason exports have gone up.</p></blockquote><p></p>
[QUOTE="DPI, post: 1929265, member: 793"] Another point, if it is Wall Street, please explain why gas prices are closing in on $5 per gallon in CA and dropping to $3.41 here in Tulsa this morning. There is a spread between WTI and Brent causing refineries like HollyFrontier to bump up and max out their production. They are buying WTI at a substantial discount to Brent and selling at the Brent refined prices. That is one reason exports have gone up. [/QUOTE]
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Another Reason Not to live in CA. Gas hits record high.
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