US refinery margins fall on weak product prices-report

Mon Nov 9, 2009 4:37pm GMT
 
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TORONTO, Nov 9 (Reuters) - U.S. refinery margins fell across all regions last week as product prices fell, according to a weekly report from Credit Suisse.

Midwestern margins, which last week were the only loser, posted the biggest decline, dropping 51.9 percent to $7.45 a barrel as gasoline and distillate prices fell on average by 5 and 1.6 percent respectively.

Gulf Coast margins fell $2.21 a barrel to $3.40 a barrel. In the Northeast, margins fell $2.04 to $5.69 a barrel.

In the niche Rockies region, margins fell 89 cents to $11.28 a barrel.

West Coast margins dropped $1.80 a barrel to $9.30 a barrel.

(Reporting by Janet McGurty)

 

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