Only if the price of the finished product stays high. With Jet Fuel and gasoline prices heading lower the crack spreads have dropped. They have come up slightly since the lows in September, but they are still much lower than they were a year ago.

When we bought the refinery crack spreads were up around $40. They were under $10 in September. Trainor is a little bit of an oddity though because it is tuned up mainly for Jetfuel while most refiners get mostly gasoline. I'm not sure what the economics of Trainor is now, but refining isn't making nearly as much as it was a year ago.


http://www.howardweil.com/docs/Repor...NINGReport.pdf

Crack Spread 101 (Part 1: What's a crack spread?) - Market Realist