Replies

Free Republic
Browse · Search

News/Activism
Topics · Post Article

To: thackney

PING!

2 posted on 10/29/2008 8:49:08 AM PDT by Roccus (Someday it'll all make sense.............maybe.)

[ Post Reply | Private Reply | To 1 | View Replies ]

To: Roccus

As falling gasoline prices squeeze refining profits ...

Well, boo freakin' hoo.

14 posted on 10/29/2008 9:37:21 AM PDT by Schatze (It's better to keep your mouth shut and appear stupid than to open it and remove all doubt.)

[ Post Reply | Private Reply | To 2 | View Replies ]

To: Roccus

There is a squeeze alright on the refiners right now. Just look at the Spot market (immediate delivery, not futures) Crude Price versus the Gasoline Price in the Gulf Coast.

Crude Oil average $65.57/barrel.

Regular Conventional Gasoline $1.48/gallon or $62.50/barrel.

That is a $3 loss for the work of refining the crude into gasoline.

Petroleum Spot Prices
http://tonto.eia.doe.gov/dnav/pet/pet_pri_spt_s1_d.htm

15 posted on 10/29/2008 10:17:59 AM PDT by thackney (life is fragile, handle with prayer)

[ Post Reply | Private Reply | To 2 | View Replies ]

Free Republic
Browse · Search

News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794