The End of the Low Gas Price Honeymoon: Refinery Margins Narrow as Gasoline Demand Normalizes

SUGAR LAND--February 16, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--As crude oil maintains a historically low price, the refiners who stood to profit from this cheap feedstock have started to see a shrinking of their margins as 2016 gets underway. After U.S. refineries ran at unprecedentedly high rates last summer to capitalize on the cheap and abundant crude oil, the price at the pump dropped drastically, prompting a spike in car sales to levels last reached a decade and a half ago as consumers aimed to capitalize on the cheaper fuel to get around. Within this article: Lists several oil refiners' projects that Industrial Info is tracking. Additional companies: Phillips 66 Partners LP (NYSE:PSXP), Valero Energy Corporation (NYSE:VLO), Plains All American (NYSE:PAA)