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U.S. Refining Margins Decline But Remain Strong in PADDs 2, 4

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    Anonymous

    Baker & O’Brien, Inc.’s fourth quarter 2012 (12Q4) release to PRISM[sup]1[/sup] subscribers reflects a decline in average U.S. refining margins in all PADDs versus 12Q3. However, overall margins were still good by historical standards, and remain especially strong in PADDs 2 and 4. Average cash margins across all PADDs declined by about $4/Bbl.

    Read more at –
    http://www.downstreamtoda…rticle.aspx?a_id=38678
    by Kevin G. Waguespack   Baker & O’Brien, Inc.
    February 25, 2013

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