Gary Farrar
Contributing Editor
- Index for refinery fuels [82,341 bytes]
- Itemized refining cost indexes [198,860 bytes]
- Itemized refining cost indexes
The cost for natural gas for refinery usage increased dramatically during the 3-year study. These conclusions are based on costs of an average refinery fuel consisting of 1 bbl each of PADD Districts 1-5 and an average U.S. cost of 4.4 MMscf natural gas (a 1 bbl equivalent on a BTU content basis). Raw residual fuel oil and natural gas prices come from publications put out by the U.S. Department of Labor. Biggest variations occurred in PADDs 2, 3, and 5. PADD 4 changed only marginally in yearly average from 505.3 to 528.1.
PADD 1's 3-year averages started with 551.3, increased to 690.1, and finished with 654.7. All indexes shown are based on 1956 = 100, the basis of the Nelson-Farrar Operating Index for an average U.S. refinery.
Copyright 1998 Oil & Gas Journal. All Rights Reserved.