Refiners in the Midcontinent region benefited from ultra-low feedstock costs, as a lack of southbound pipeline capacity from the trading hub in Cushing, Okla., and an influx of crude oil from Canada and the Bakken Shale artificially depressed the price of West Texas Intermediate. But the start-up of several new pipelines connecting Cushing to the Gulf Coast or redirecting oil produced in the Permian Basin away from Cushing has narrowed this price advantage. More recently, the price of light-sweet crude oil on the Gulf Coast has declined, increasing the profit margins of refiners that operate in this region.
In this FREE Webcast, Elliott Gue, founder and editor of Energy & Income Advisor
, highlights the best way for savvy investors to play this trend.