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Inergy, L.P. Message Board

  • bigbrainedtrader bigbrainedtrader Dec 13, 2005 6:32 AM Flag

    From Annual Report

    ----> The prices of crude oil and natural gas have maintained historically high costs in 2004 and 2005, and propane has also been at historically high costs. As such, our selling prices have been at higher levels in order to attempt to maintain our historical gross margin per gallon.

    We expect the historical high cost of crude oil and natural gas to remain for the foreseeable future and accordingly expect both our propane costs and our selling prices to remain at higher levels.

    Retail sales generate significantly higher margins than wholesale sales, and sales to residential customers generally generate higher margins than sales to our other retail customers.

    The Brain

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