Refiner acquisition cost of crude oil

What is Refiner acquisition cost of crude oil?

Refiner acquisition cost of crude oil meaning The cost of crude oil, including transportation and other fees paid by the refiner. The composite cost is the weighted average of domestic and imported crude oil costs. Note: The refiner acquisition cost does not include the cost of crude oil purchased for the Strategic Petroleum Reserve (SPR).

 

reference: Glossary – U.S. Energy Information Administration (EIA)

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