Steve Douglas
Steve Douglas
consider deep industry margins number question small
There's no question refining margins are up. But you've got to consider that the refining industry has been in a deep trough for a number of years when margins were small or nonexistent.
decline expect gallon lower price pumps seeing start wholesale
If the lower wholesale price is sustained, you can expect to start seeing at pumps a decline from $2.99 a gallon to about (the) $2.80s by Thursday.