Quote:
Originally Posted by gf2020
Down 4 cents per gallon in my town over the past 2 days, just put 20 gallons in my truck at $2.679.
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And, the dollar declined. But refinery run rates are pretty high now as compared to last year, supplies are very strong, imports are up. Refineries are hurting again (still). Refining is about the worst place to be this year again, and the recent upticks in oil prices hurt them again.
One of the many, many reasons investing billions in new refineries is a futule business proposition.
04-13-2010, 06:06 AM
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