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U.S. Oil Boom Falls Short of Pump

Wall Street Journal Original article ›

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Because most of the increase in U.S. oil production is in landlocked states in the U.S. midwest without easy access to markets in coastal cities, the lower prices of West Texas Intermediate (WTI) crude benefit refiners in the midwest but do little to lower pries of gasoline at the pump.

Pricing of crude oil- West Texas Intemediate (WTI) and Brent, the European standard, 2010-2015

11/19/2011

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