Monday, April 26, 2010

A Q for oil experts:What R the refining margins of running OPEC & inhouse crudes(@126$/BBL) to make Gasoline?

This is not a pricing Q or an S%26amp;D Q! Pls specify margins on a per barrel (42 gallons/BBL) basis and differentiate betw the domestic inhouse crudes from oilco wells and OPEC crudes imported by tankers. Assume the 126$ price is in the crude storage tanks before it is charged to the primary distillation towers. That leaves out the transportation costs of getting the crude from the ground to the refinery. Pls no novice answers or unsubstantiated answers!. IDK's are not bona fide answers!A Q for oil experts:What R the refining margins of running OPEC %26amp; inhouse crudes(@126$/BBL) to make Gasoline?
I'm no expert, but was able to get on the net and look up some of the answers.- from 1999 to 2004 the profit margins almost doubled from 22.8 cents per gallon to 40.8 cents per gallon- Wish i could have gotten the margins for 2007.


On the west coast the numbers are more recent. 5 years ago the margin on a barrel was 17 dollars and last year it was 39 dollars a barrel. It would seem that the margins are contributing to some increase in the cost of energy. but the refineries are not all to blame in the jump in the cost of energy. I could not find the figures on the difference on OPEC crude and home crude, but i believe that the OPEC crude is referred to light sweet crude and is cheaper to refine then domesticate crude. I know that you asked for the oil experts to answer, but I fear that if they are experts, they will not be passing their time answering yahoo questions.

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