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The EIA reports the composite refinery acquisition price in theRocky Mountain region ( PADD 4) for a barrel of crude oil duringApril 2019 was $59.24. During the same period of time, thecomposite refinery acquisition price for the East Coast (PADD 1)was $70.01. During the same period, the average wholesale price ofa gallon of gasoline (average of all grades, all formulations) inPADD 4 was $2.738 per gallon and the average wholesale price ofdiesel was $3.089. The PADD 1 average prices were $2.770 and$3.157, respectively. Which of the following are true? The PADD 1spread is larger than the PADD 4 for April 2019. For either PADD 1or PADD 4, gasoline contributes just over 63% to the value of thefinal goods. The PADD 4 spread for April 2019 was $1.44 per gallon.Two of the above None of the above.
