In airline first, Delta to buy Trainer Pa. oil refinery
Delta Airlines will become the new owner of Conoco-Phillips’ money-losing oil refinery in Delaware County to produce its own jet fuel.
Delta becomes the first airline to try refining its own fuel. Saving just a few cents a gallon could mean hundreds of millions of dollars for the carrier. However, airline analyst John Armbrust points out oil refining is a tough business. “I’m sure the other airlines in the world, particularly in that area will be watching to see if this works for Delta. If it works they’re going to be the smartest kid on the block. If it doesn’t. People will say see that’s was the dumbest thing they could have ever done,” said Armbrust.The refinery’s current owner, ConocoPhillips, has lost money on the facility. High crude prices have combined with lower U.S. demand for gasoline to make it a challenging business. Governor Corbett is scheduled to attend a formal announcement of the deal.
WHYY is your source for fact-based, in-depth journalism and information. As a nonprofit organization, we rely on financial support from readers like you. Please give today.
New Jersey Transit approves a 15% fare hike, the first increase in nearly a decade
The increase, which takes effect July 1, also calls for annual, regular fare increases of 3% in subsequent years. It's the first time rates will rise in nearly 10 years.
2 weeks ago
Investors pour $1B into Delaware River waterfront projects over 10 years
There’s a steady pipeline of projects planned along the Philly waterfront — including apartments, retail and a public park — even though one developer paused mid-construction.
2 weeks ago
Listen 1:11
Vice President Kamala Harris unveils more student debt relief measures in North Philly
The Biden administration expects the debt relief program will help 30 million people nationwide.
2 weeks ago
Listen 1:00