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O Points: 0 of 1 Save As an oil refiner, you are able to produce $76 worth of unleaded gasoline from one barrel of
O Points: 0 of 1 Save As an oil refiner, you are able to produce $76 worth of unleaded gasoline from one barrel of Alaska North Slope (ANS) crude oil. Because of its lower sulfur content, you can produce $77 worth of unleaded gasoline from one barrel of Wes Texas Intermediate (WTI) crude. Another oil refiner is offering to trade you 10,150 Bbls of Alaska North Slope (ANS) crude oil for 10,000 Bbls of West Texas Intermediate (WTI) crude oil. Assuming you currently have 10,000 Bbls of WTI crude, what is the closest added benefit (cost) to you if you take the trade? Round intermediate calculations to the nearest whole number. Alaska North Slope Crude Oil (ANS) West Texas Intermediate Crude Oil (WTI) $71.75/Bbl $73.06/Bbl OA. $(1,400) OB. $1,400 OC. $(3,908) OD. $3,908 OE. $2,508
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