And I think Trump is expecting to lift the tariffs in a few days.
Here’s hoping.
A refinery will pay a delivered cost at their “gate”. Transportation, storage, royalty/taxes/tariffs get eaten by the supplier.
There’s some producers in west Texas who have no royalty, others 10% to maybe 25%. All of that oil gets paid the same price by the pipeline, what the producer keeps depends on how much royalty they have to pay out.
Just the way it is.