Detailed text transcripts for TV channel - FOXNEWS - 20110507:14:03:00
Things called the crack spreads and profits they make, oil they turn into gasoline. if you look at the crack spread the refiners have been losing money and margins going. >> whoa, whoa, ston right now, stop right now. >> the crack spread as you so accurately point out refiner margin is the highest it's ever been. >> 26 a barrel. i've been doing this 23 years, never been higher ever. >> noft only that, if you look at gasoline prices when you buy the oil at $110, it's going to take it up to 6, to 8 weeks before they refine that in gasoline prices, number one. number two, the gasoline that's is--...
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