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Posted April 6, 2012Today in Energy

Regional differences for cost of crude oil to refiners widened in 2011 ›

The cost of crude oil to refiners varies across regions based on the different types of crude oil available to refiners and transportation bottlenecks in a given region. This cost, called the refiner acquisition cost, includes transportation and other fees paid by the refiner. Historically, there has been little variation across regions. From 2004 through 2009, the average of the annual spread between the most expensive and least expensive regional refiner acquisition cost was $5.52 per barrel. In 2010, the spread was $7.46 per barrel, and in 2011, it widened dramatically to $23.78 per barrel. More

graph of Refiner acquisition cost of crude oil, by PADD, January 2004 - January 2012, as described in the article text

Source: EIA, Petroleum Marketing Monthly, Refiner Acquisition Cost of Crude Oil.

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Data Highlights

Crude oil futures price

4/5/2012: $103.31/bbl

up$0.53 from week earlier
down$5.52 from year earlier

Natural gas futures price

4/5/2012: $2.089/mmBtu

down$0.060 from week earlier
down$2.057 from year earlier

Weekly coal production

3/31/2012: 18.215 million tons

down0.203 million tons from week earlier
down3.512 million tons from year earlier

Natural gas inventories

3/30/2012: 2,479 Bcf

up42 Bcf from week earlier
up887 Bcf from year earlier

Crude oil inventories

3/30/2012: 362.4 mmbbl

up9.0 mmbbl from week earlier
up4.7 mmbbl from year earlier

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