[Royal Wulff]

It must come as a complete shock to you people that crude oil is an input (i.e., a cost) to a refinery.

[Republic of Texas]

If crude is a cost and their margins are DOWN, they must not be raising their prices as fast as OPEC. How EEEEEVVIIIILLLL.

[Cobra64]

It must come as a complete shock to you people that crude oil is an input (i.e., a cost) to a refinery.

One of the Cost of Goods Sold. Accounting 101. Costs go up... margins go down. So simple, even a liberal should understand.