Why did yorktown refining margin suck so bad that they had to close it down? Seems like with the higher margins they could restart it now? Or did they have low margins because of something other than crack spread. like higher input crude input costs or something??
I believe its because of cheaper gasoline imports from canada and england keeps their crack spread smaller and their refineries in texas and new mexico doesnt have the same competition as in yorktown refi so smaller profit margin