The presentation then moves into the refinery to explore the effects of crude oil type on refining yields and to examine the interactions between crude oil selection and refinery complexity. The following sessions provide an understanding of how refining configuration and product markets affect refining margins.

The second table presents the monthly average crude oil prices for Illinois Sweet Crude plus their inflation-adjusted prices from 2011-2020. Inflation-adjusted oil prices reached an all-time low in 1998 (lower than the price in 1946)! And then just ten years later in June 2008 Oil prices were at the all-time monthly high for crude oil (above Crude Oil vs Gasoline Prices - 10 Year Daily Chart. This interactive chart compares the daily price performance of West Texas Intermediate (WTI) or Nymex Crude Oil vs regular gasoline prices, U.S. Gulf Coast over the last 10 years.