Question 5:

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 west Texas intermediate crude.

Assuming you just purchase 10,000 Bbls of WTI crude at the current market price. The total benefit (cost)to you If you were to refine this crude oil and sell the unleaded gasoline is closest to.

Alaskan North slope crude oil is $71.75 per Bbl.

West Texas immediate crude oil is $73.06 per Bbl.