Analyst Ratings
With Fuel Demand Week, Refineries Shutting Down
"You've probably seen gasoline demand peak in this country," Kohler said.
Valero expects the shutdown to lead to a pretax charge of between $1.7 billion and $1.8 billion in the fourth quarter, but said it will reduce pretax operating expenses by about $450 million in 2010. Company shares rose 11 cents to $16.47 Friday. Delaware is already wrestling with rising joblessness. The state's unemployment rate has jumped 2 percent this year to 8.7 percent. "The company's decision to close the refinery leaves us with several problems to solve," said Gov. Jack Markell Markell said the state needs to help displaced Valero workers while ensuring accountability for the environmental issues related to the refinery closing.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 14.47 |
Oil *
98.65
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DOWN
26.41 |
DOWN
2.99 |
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10.02 |
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1.34 |
10 Yr
1.45%
SPDR Gold
151.62
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-0.21%
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-0.23%
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-0.35%
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-8.48%
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Data delayed 20 minutes |
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