Comanche,
Thanks very much for the informed reply. You are obviously a pro. Can I ask one more question? I am having difficulty with Platt's deals from a P&L perspective.
I don't understand how Platt's deals are marked to market if they don't price out until several days, sometimes several weeks ahead -- especially with gasoline. And what is the contract price if you don't know where the contract will settle until they price out in the future? Does this make sense?