Nelson-Farrar Quarterly Costimating: How refinery fuel indexes have varied

Click here to enlarge imageRefinery fuels costs have endured an unsteady course since 1999. As shown in the accompanying table, most of the PADD residual fuels' increases in costs occurred in 1999 and 2000 for all of the five PADD districts. PADD 4 experienced the least variance while PADD 5 incurred the highest variance in price over the period. Click here to enlarge imageThe cost for natural gas for refinery usage increased dramatically through 1999 and 2000, and then dropped during 2001. These conclusions are based on costs of an average refinery fuel consisting of 1 bbl each of PADD Districts 1-5 and an average US cost of 4.4 MMscf natural gas (a 1 bbl equivalent on a btu-conte...

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