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Brent crude is $71 a barrel, but you can't buy gas for $1.69. Why's that?
by alex43578 8mo ago
Brent crude is $71 a barrel, but you can't buy gas for $1.69. Why's that?
- dizhn 8mo agoAre you able to buy crude by the gallon and refine it yourself? That would bring the cost down a bit.
- bigfatkitten 8mo agoYou can buy oil on the market and take delivery, yes. Figuring out the logistics (tanker trucks, rail cars, storage tanks etc) will also be your problem though. Commodities markets aren’t like eBay, nobody is just going to FedEx you a barrel of oil.
- fc417fc802 8mo ago> nobody is just going to FedEx you a barrel of oil. I'm sure someone will if you pay enough. But you certainly won't be getting the market standard bulk price.