Reply #11: Please do ... [View All]

[RoyGBiv]

It's been a very long time since I've dug into it this deeply, so I am fully prepared for error. I will admit I am not entirely certain of the numbers associated with imports by Citgo. One set of data made it seem as though the import levels were calculated with Lyondell-Citgo separate from Citgo Petroleum as a whole. Another set with more detail made it seem as though the numbers for Citgo Petro were an overall import number and those of Lyondell-Citgo a subset of that. I went with this because of the greater detail and because the resulting product fit better with the overall capacity of Citgo refineries.

If the former is true, you can bump the numbers imports to about 122 million barrels and work from there. This doesn't materially change anything, however, with regard to any potential conclusions one might draw. Citgo refineries still do not and cannot produce enough gasoline to supply all the stations with the Citgo logo, meaning other oil companies profit more overall from purchases at Citgo stations when considered as a whole to a greater degree than Citgo does.

And FWIW, I once purchased from Citgo all the time, in part because it was the only credit card I had.