The strength in the benchmark crudes (Brent and West Texas Intermediate - WTI) and motor gasoline (a.k.a., Reformulated Blendstock for Oxygenate Blending, or RBOB), when combined with the hockey stick of domestic NGL production volumes being up and to the right, have changed the landscape of opportunity for refinery and refined product terminal operators. Although it is not always easy, those who can turn natural gas liquids - primarily butane - into motor gasoline stand to capture impressive value. Today’s adventure is the story of the Blender. There’s butane in the blender. And soon it will render. That fuel concoction that helps me hang on!
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