Is that the price at the end of the pipeline in Freeport? If so, presumably it will cost some amount of money to get it from the port to the actual end point (refinery), effectively making the WTI possibly more expensive than the Brent they are currently running.
Isn't the whole point for the refineries on the gulf coast to have access to WTI because it is cheaper? Why would they want to switch from Brent to WTI if it isn't going to be cheaper? Refineries don't really like to just switch feedstock for no reason.
I'm a novice but heres my understanding of the situation. The reason why WTI is cheaper than Brent is cause they could not effectively get the increased production to the Gulf which resulted in the WTI glut at Cushing OK. WTI use to sell at a premium to Brent. Now that they will be able to move the excess capacity to the Gulf WTI should again be competitive with Brent. Seaway and Keystone are not about adding to Domestic supply and security as the oil industry and some politicians would like you to believe it is about getting top dollar for the oil, when the stuff hits the coast it becomes competitive with Brent.