Gas Prices - an Example of Arbitrage
I read an article from the California North County Times, and came across a real life example of arbitrage. The article states that currently, the gas prices in California are lower than other parts of the country, due to local oil refineries. Now with refineries out of commission in Louisiana and Texas, refiners in California have the opportunity to ship gas from California to the Gulf Coast, creating an arbitrage.
Posted by Ann at 9/26/2005 02:23:00 PM