Oil reaches $100 a barrel: Five winners, five losers

With gasoline now at $3.37 per gallon – 20 cents higher than last week, and rising daily – who is profiting from higher prices and who is not?

By , Staff writer

Winner: Some integrated oil companies

Profit margins are especially high for oil companies with access to the ample crude oil stockpiles of Cushing, Okla. They can sell their refined products with a profit margin of as much as $18 a barrel – compare that to refiners in the Gulf Coast who make $8 a barrel.

“Certain refiners are able to make more profit per barrel of oil refined than others,” says Mr. Cohan.

3 of 10

Read Comments

View reader comments | Comment on this story

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...