Article View: pdx.general
Article #1055Re: It's all about gasoline!
From: Don Homuth
Date: Thu, 07 Jun 2007 19:11
Date: Thu, 07 Jun 2007 19:11
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On Thu, 07 Jun 2007 19:05:04 GMT, trijicon <dev@null.set> wrote: >Oh NO! > >They had to do some maintenance?!?!? > >WTF is up with those guys, why not just run 'em till the melt down! Even in your area, there are some fascinating outcomes: http://www.denverpost.com/business/ci_5933459 Oil refineries rack up record gross profits Reduced output has Coloradans paying 15 cents a gallon more at the pumps than the rest of the U.S., and prices are expected to keep rising. By Steve Raabe Denver Post Staff Writer Article Last Updated: 05/19/2007 11:50:06 AM MDT Record profit margins for oil refiners and a series of refinery shutdowns in the West have Colorado motorists paying soaring gasoline prices as the summer holiday season fast approaches. At least four refineries that provide gas to Colorado are closed or running at diminished rates because of repairs and maintenance. Yet refinery owners are making record profits on the conversion of crude oil to gasoline. Gross profit margins at the nation's refineries hit an all-time high of $37.48 a barrel on Friday, or nearly $1 a gallon, according to an analysis of commodities prices by petroleum analyst Bryant Gimlin of Fort Lupton-based Gray Oil Co. Before this month, the previous record high for refinery profits was $31.71 in 2005 in the wake of Hurricane Katrina. "At the first of the year, refiners were stating that the heavy maintenance schedule was to enable full production prior to summer demand," Gimlin said. "Yet it seems they have learned running at reduced rates is very good for (profit) margins. That's nice work if you can get it."... And of Course they Can get it, whenever they wish.
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X-Google-Thread: 1128d6,da8238f5409364a4 X-Google-Thread: 106d8d,da8238f5409364a4 X-Google-Thread: fca2b,da8238f5409364a4 X-Google-Thread: 111a85,da8238f5409364a4 X-Google-Attributes: gid1128d6,gid106d8d,gidfca2b,gid111a85,public,usenet X-Google-Language: ENGLISH,ASCII-7-bit Path: arc1-ca.pugleaf.net!g2news1.google.com!news1.google.com!border1.nntp.dca.giganews.com!nntp.giganews.com!local01.nntp.dca.giganews.com!nntp.comcast.com!news.comcast.com.POSTED!not-for-mail NNTP-Posting-Date: Thu, 07 Jun 2007 14:11:11 -0500 From: Don Homuth <dhomuthoneatcomcast.net> Newsgroups: pdx.general,seattle.politics,az.politics,or.politics Subject: Re: It's all about gasoline! Date: Thu, 07 Jun 2007 12:11:12 -0700 Message-ID: <gvlg63lovrphlqmsg6mcho3u1n0c97assu@4ax.com> References: <WImdnRzYlYbgo8PbnZ2dnUVZ_jOdnZ2d@comcast.com> <22899-46684803-1339@storefull-3234.bay.webtv.net> <eejg63di3fp4n2v75t0q2os79061onfnmn@4ax.com> <eaY9i.48672$t92.9104@fe01.news.easynews.com> <asjg6311j00bpq2cn6jmqpgsnj7r8ivsa9@4ax.com> <AFY9i.697547$V92.257612@fe09.news.easynews.com> X-Newsreader: Forte Free Agent 2.0/32.652 MIME-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Lines: 46 NNTP-Posting-Host: 24.21.8.104 X-Trace: sv3-lcMoWXdMV62UrvL9QeST3a8W8/8aHTcqVaVtbZCOWWa3HTg2LiWI+iAsn/sILJHNHnK1Fq/FlRMWIY/!q2ayoF2QBGd/fALnxx04m4u7hIVIhpNg0jKrzCg2OeG19kPkxWjutFw+qQl2sx7fz79Oi08DIfp9!5dxKd81zHVHDp/PKsdPSmNyl X-Complaints-To: abuse@comcast.net X-DMCA-Complaints-To: dmca@comcast.net X-Abuse-and-DMCA-Info: Please be sure to forward a copy of ALL headers X-Abuse-and-DMCA-Info: Otherwise we will be unable to process your complaint properly X-Postfilter: 1.3.34