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pelagicAustral04/24/20253 repliesview on HN

Didn't the price of the actual barrel became more onerous than the product itself during covid?


Replies

duped04/24/2025

My understanding from some of these articles is that oil isn't literally transported in barrels the vast majority of the time, it's in tanker trucks/rail cars/ships moving from source to refinery to retail the whole way. Part of what makes it fun to "buy a barrel of oil" is that you can't go many places and ask for a barrel, you need to bring the thing to put it in (like a tanker truck or rail car).

Swoerd12304/24/2025

This is common for a huge number of products, ranging from cosmetics, consumables, pharmaceuticals, bottled water, etc.

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pydry04/24/2025

in one market oil prices even went negative so presumably, yeah.