ding, ding, ding, ding ... we have a winner
Don Pardo, tell Uncledave what he's won for understanding how commodity markets actually work
As I sit in the refinery typing this...
Not only is it a global market; it is also a local market.
It is expensive to truck fuels long distances, so stations tend to get fuels from the closest refinery of pipeline distribution center.
I worked a project that installed a new truck loading facility at a Citgo refinery. There were over 90 additive tanks belonging to Chevron, Exxon, Shell, generic for the independants, etc. The name on the station seldom tells you where the fuel came from.