MAP: This Is What Oil Costs All Around The World

Oil is not the same around the world. It can be light or heavy based on its density. It can be sweet or sour depending on its sulfur content. And these characteristics have major affects on price. "Crude oils that are light (higher degrees of API gravity, or lower density) and sweet (low sulfur content) are usually priced higher than heavy, sour crude oils," explains the Energy Information Association. "This is partly because gasoline and diesel fuel, which typically sell at a significant premiu...