Quote:
Originally Posted by Harry Lime
I was under the impression West Texas Crude was used as the benchmark.
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I don't understand how someone can think that what price a particular crude grade sells for in Cushing, Oklahoma has more to do with what nominal price expressed in Canadian dollars gasoline sells for at a gas station in Calgary Alberta than an Alberta crude benchmark. Also even that Alberta benchmark is only the feedstock price a refinery pays and speaks nothing to refining and marketing costs and distribution.
Do you go into a Safeway store and call out management for gouging you on milk prices because it's not perfectly correlated to the price of dairy cattle in North Dakota?