The many variables behind the price of crude oil and ultimately the price we pay for gasoline. For more information please visit the PolymerMIS. www.polymermis.com

1. THE FACTS BEHINDTHE FACTS BEHIND
OIL PRICESOIL PRICES
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2. Fact 1 - GLOBAL DEMANDFact 1 - GLOBAL DEMAND
Growth in newly industrialized countries is a key factor driving physical oil prices.
By 2020, China is expected to surpass the U.S. as the largest importer of crude oil.
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Fact 2 - OPECFact 2 - OPEC
The OPEC cartel controls most Middle East oil production and, when it restricts
production, oil and gas prices increase, sometimes signifi cantly.
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3. Fact 3 - TAXESFact 3 - TAXES
Governments cause fuel price increases in the form of taxes, subsidies and
surcharges – ranging from 15 percent per gallon in parts of the U.S. To 60 percent
in some European countries.
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Fact 4 - ENVIRONMENTAL POLICIESFact 4 - ENVIRONMENTAL POLICIES
U.S. restrictions on offshore drilling are negatively affecting supply by locking up
an estimated 7.6 billion barrels of oil and 36.6 trillion cubic feet of natural gas.
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4. Fact 5 - GEOPOLITICAL CONFLICTSFact 5 - GEOPOLITICAL CONFLICTS
Crude oil prices are surging due to fears of potential supply disruptions related to
the rising global tensions surrounding Iran’s nuclear ambitions.
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Fact 6 - LOGISTICS AND INFRASTRUCTUREFact 6 - LOGISTICS AND INFRASTRUCTURE
The U.S. has lost fi ve percent of its refining capacity in the last few months as a
result of rising foreign oil prices and U.S. gasoline demand being at 15-year lows.
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5. Fact 7 - CURRENCY FLUCTUATIONSFact 7 - CURRENCY FLUCTUATIONS
Because oil is priced in U.S. dollars, it becomes more expensive as the dollar loses
value; with the dollar at a three-year low, gasoline prices are nearing all-time highs.
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Fact 8 - CHANGING SUPPLY LANDSCAPEFact 8 - CHANGING SUPPLY LANDSCAPE
Advancements in technology have enabled supply and production of crude oil in
North America to grow, while decreasing supplies of crude in the North Sea has
resulted in a dramatic divergence between the price of gasoline on the coasts,
and the price in the Midwest.
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6. PolymerMIS is a trustworthy market and pricing intelligence resource.
PolymerMIS provide SMS and web based alerts for a wide range of
petrochemical products and feedstock including Crude Oil, Naphtha, Olefin
& Polyolefin, Aromatics and Petrochemical intermediates.
Subscribe PolymerMIS to get real-time crude oil market updates.
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7. ContactContact
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