California oil: Refinery profit margins rise during price spikes
Repost from The San Francisco Chronicle [Editor: Significant quote: “A new report from the nonprofit group Consumer Watchdog argues that refinery profit margins in the state rise during price spikes — even when a company has to buy extra wholesale gasoline to make up for refinery downtime.” – RS] Refinery ills push price of gasoline … Continue reading California oil: Refinery profit margins rise during price spikes