Thread: Cost of fuel...
View Single Post
Old 03-31-2022, 05:12 PM   #173
John Mercier
Senior Member
 
Join Date: Jun 2021
Posts: 2,875
Thanks: 2
Thanked 521 Times in 429 Posts
Default

Quote:
Originally Posted by garysanfran View Post
And from what country will we be purchasing the replacement petroleum?
The US. It is always purchased from US suppliers when the market price is low, and sold into the market of US refiners when the market prices is high.

The price is set globally, but the physical stock is transported the shortest distance available.
John Mercier is offline