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US Refinery Margins Rise.(Brief Article)

Article from: The Oil Daily | March 3, 2004 | Copyright

The average US refinery profit margin rose 15cents last week to $6.74/bbl, according to a UBS report released on Tuesday.

Gulf Coast margins dropped 20cents to $5.03/bbl while margins in the Midwest fell 8cents to $6.52/bbl. East Coast margins fell more than $1.00 to $7.58/bbl.

California margins continued to rise, this time by $1.51 to $13.78/bbl due to refinery outages. West Coast margins outside of California gained $2.22 to $9.28/bbl.

Refinery utilization fell 3 percentage points to 87.3% of capacity for the …

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