Worldwide Petroleum Refining and Gasoline Marketing: Prospects Through 2004, Figure 2

Figure 2. Real Price Difference Between Light Crude Oil and Heavy Crude Oil, 1978-1997

Note: Light crude oil is defined here as having an API gravity of 40.1 or greater and heavy crude oil is defined as having an API gravity of 20 or less.
Source: Energy Information Administration, Petroleum Marketing Monthly, DOE/EIA-0380(98/06), Table 27 and Table 28.

Last Updated on 4/16/2001
Financial Analysis Team, Office of Energy Markets and End Use, Energy Information Administration (Financial Reporting System)
Email: neal.davis@eia.doe.gov