HollyFrontier Corp. and Marathon Petroleum Corp. Refineries Struggle
The Paragon Report Provides Stock Research on HollyFrontier Corp. and Marathon Petroleum Corp.

NEW YORK, NY -- (Marketwire) -- 03/30/12 -- Refineries dip despite high gasoline prices. The national average price of a gallon of regular unleaded gas climbed to $3.898 on Tuesday. But the high prices still aren't enough to save some U.S. oil refiners, who are finding it a terrible time to be in the gasoline business. The Paragon Report examines the outlook for companies in the Oil & Gas Refining Industry and provides equity research on HollyFrontier Corp. (NYSE: HFC) and Marathon Petroleum Corp. (NYSE: MPC).

Access to the full company reports can be found at:

"Yet high crude costs are proving difficult to pass on to the consumers. That has made refining -- which once was considered a must-have business for many large energy companies -- unprofitable and unfashionable," Tom Fowler wrote in a recent article for the Wall Street Journal.

Gasoline demand in the U.S. has dropped drastically in past years. The major factors have been the 2008 recession, greater use of biofuels, and the growing fuel efficiency in U.S. vehicles. In December, Americans drove 264.4 billion miles, up 1.3% from the year before, but did so using 2.5% less gasoline and diesel, according to data from the U.S. Department of Transportation and the Energy Information Administration.

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Telecom Services Industry register with us free at www.paragonreport.com and get exclusive access to our numerous stock reports and industry newsletters.

HollyFrontier Corp. reported fourth quarter net income attributable to HollyFrontier stockholders of $223.4 million or $1.06 per diluted share for the quarter ended December 31, 2011, compared to $14.7 million or $0.13 per diluted share for the quarter ended December 31, 2010.

Marathon Petroleum Corp. reported a $75 million loss for the fourth quarter as higher oil prices increased costs at its refineries. The company's fourth-quarter loss amounted to 21 cents per share for the October-December period. That compares with a profit of $233 million, or 64 cents per share, in the same part of 2010. Revenue rose 11.3 percent to $19.4 billion.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.paragonreport.com/disclaimer

Add to Digg Bookmark with del.icio.us Add to Newsvine

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here