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Refinery Operating Costs
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refinery operating costs
“Rising RIN costs have increased refiner costs,” said Bob Greco, downstream group director for the American Petroleum Institute. “For every dollar spent per gallon the RINs market, the cost of making E10 gasoline rises 10& ...
Refining margins had declined substantially, as new pipelines became operation earlier in the year and the increasing use of road and rail to transport oil had eased the price dislocations in the crude market. Nevertheless, the ... Tesoro already operates an adjacent refinery in Wilmington, California; and expects to benefit from annual synergies of $250 million by 2017, through feedstock optimization, operating process synergies and lower product distribution costs.
Delta Air Lines Inc.said Monday that it reached an agreement to buy a refinery complex near Philadelphia in a bid to cut the carrier`s yearly jet-fuel costs by $300 million. The nation`s second-largest airline by traffic, after United Continental Holdings Inc., said it will purchase the ... In 2011, Delta spent $11.7 billion on fuel, which amounted to 36% of its operating costs. The previous year, when the tab was $2.8 billion lower, fuel consumed 30% of Delta`s expenses.
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