Filed under: Uncategorized | Tags: 2013 oil price, Brent, crack spread, crude oil, EIA, energy, gas prices, oil price predictions, refinery profits, transportation, WTI
Always kind of funny. Flat-line forever.
Filed under: Uncategorized | Tags: Brent, crack spread, crude oil and gasoline prices, energy, fuel prices, gas prices, James Hamilton, oil price, peak oil, petrol, petroleum, WTI
My rule of thumb has been that for every $1 increase in the price of a barrel of crude oil, U.S. consumers are likely to pay 2-1/2 more cents for a gallon of gasoline.
Hamilton points to the lack of adequate pipeline infrastructure in the US to explain the gap between Brent and WTI.