Explain Like I’m Five Episode 24: Oil Pricing, with Robert Johnston

by Sarah Turnbull. Posted January 9, 2019


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“Think of it in four steps….wellhead, hub, rack, retail. Every person there has to make a margin.”

Robert Johnston of Eurasia Group joins host Aaron Reynolds to explain what determines the price of oil, who sets the price, and what factors influence prices at the pumps.

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