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From: Disaster scenario for refining
The surge in wholesale prices on commodity markets translated into a jump in refiner margins, the spread between what a refinery pays for crude and what it can charge for fuels and other products.
Overnight, refiner margins for gasoline doubled and are now more than triple their 12-month average, according to M.J. Ervin & Associates Inc. in Calgary. For gasoline, the refiner margin rocketed to 30.2 cents (Canadian) a litre, based on the New York Harbour Price.