HollyFrontier said it has cut rates to 70% at its refineries as it looks to manage demand destruction brought upon by the coronavirus pandemic. Receive daily email alerts, subscriber notes & personalize your experience. Register Now HollyFrontier has five refineries—two in the Rockies, one in New Mexico, and two serving the Group 3 market of the Midwest—with a total crude refining capacity of 514,630 b/d, according to US Energy Information Administration data. “Over the last several weeks, refiners across the US have been struggling with plummeting demand for fuels, particularly gasoline and jet fuel as direct consequence of the COVID-19 outbreak,” said Lenny Rodriguez, an analyst with S&P Global Platts Analytics. “This has hurt product cracks and, in turn, refining margins are under […]