Steve Douglas

Steve Douglas
consider deep industry margins number question small
There's no question refining margins are up. But you've got to consider that the refining industry has been in a deep trough for a number of years when margins were small or nonexistent.
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The ultimate question is, do you want a bill that will almost certainly periodically result in higher prices at the pump for consumers?
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The Rural Fire Department (east of Pueblo), Rye and Pueblo West fire departments all have permit systems within their districts.
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We wanted to participate in Youth Day of Caring, and we wanted something the whole school could participate in.
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That way we can advise them of fire risks, and we also know where fires are planned when other citizens call to report a fire.
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That price is more of an anomaly. I suspect there may be a psychological barrier at $2.999 a gallon.
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We are not interested in making a huge profit for a week or two at the expense of damaging customer relations for a year or two.
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As usual, the story is pretty much supply and demand. Gasoline is plentiful across the country, Colorado included. Gasoline usage drops in the winter, and we expect margins to come off pretty sharply.
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I think it's not in the interest of the industry to have unconscionable pricing. We don't subscribe to it, support it, and it gives the industry a bad name.
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I think we are seeing a stabilizing effect. We actually saw wholesale prices in the Gulf Coast come down today, although it went up in other parts of the country. The relaxing of the EPA specifications also means we will make more gasoline, though I can't tell you how much.
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If the lower wholesale price is sustained, you can expect to start seeing at pumps a decline from $2.99 a gallon to about (the) $2.80s by Thursday.