[headstamp 2]

So basically it’s all speculative at this time?

[thackney]

???

The price of oil is high. Just like jewelry is expensive now due to the price of gold, the price of gasoline is driven by the world oil price.

The WTI to Cushing is the price quoted often for oil. But that is about $20 cheaper than most of the oil used in many of our refineries.

WTI is currently bottlenecked. There are multiple projects in the works to eliminate that, but it takes time.

[thackney]

Don't forget, even though the US demand has fallen, the world demand, even with our drop, has climbed.