Refineries paying less for oil, making more profit on gas prices

Tuesday, August 30, 2011 | 1:15 p.m. CDT

COLUMBIA – Midwestern refineries are paying 25 percent less for oil, but gas prices have only dropped 10 percent, according to a report in the Kansas City Star. HollyFrontier, a refinery that has a location in Kansas, reported record high second quarter earnings.