What does this sentence mean?
Hello, I came across this sentence in an article and I'm wondering what it means. "The US Gulf Coast raffinate differential fell 13 cents Friday to a record 58-cent discount to pipeline gasoline." I understand the first half of it, but the "discount to pipeline gasoline" part puzzled me. What does it mean by " a 58-cent discount to pipeline gasoline? Would somebody help me please? Thanks in advance.
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Answers · 3
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The price to pipeline gasoline, which is the wholesale price, not the market price, fell by 58 cents.
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Hello there! I think ' a 58-cent discount to pipeline gasoline' means ....58 cents.. Which I am assuming is American currency, is the total amount of the price reduced.
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