Analysis of Refiners' No. 2 Distillate Costs and Revenues: July 1979-October 1979

摘要

The Department of Energy (DOE) and its predecessor agencies have been reviewing and analyzing No. 2 distillate prices since distillates were deregulated on July 1, 1976. In late 1978, the Office of Fuels Regulation, now the Office of Petroleum Operations (OPO), of the Economic Regulatory Administration undertook a detailed study to calculate costs and revenues of nine leading heating oil refiners in the period since deregulation. The results of that study were contained in a report published in March 1979, Analysis of Refiners' No. 2 Distillate Costs and Revenues: July 1976-December 1978. In September 1979 OPO updated the March study with an update through June 1979. This report, entitled Analysis of Refiners' No. 2 Distillate Costs and Revenues: July 1976-June 1979 covered the period from deregulation through the latest month for which cost and revenue data were available (June 30, 1979). A public hearing was held on September 26, 1979, in Washington, DC during which the study methodology and report findings were considered. This report further updates the September 1979 study and takes into consideration several suggestions provided at the hearing for additional analyses. (ERA citation 05:014806)