Greg Bram : Paul, this is Greg. I don’t know that we can speak a whole lot to what was going on elsewhere. Our operations were very good for the quarter. Good mechanical availability in line with kind of our typical first quartile type of performance. So the weather has had just a very modest impact on any of our operations.
Paul Sankey : Got it. And then just finally, a quick one. The 14% you talked about wholesale up is obviously you’re taking market share. It seems to be driven by your renewable fuels, right? Is that — how do we explain the difference between your strength of sales versus the overall market being way below that?
Gary Simmons : No. That wouldn’t include really what we’re talking about on renewables. That would be strictly our U.S. wholesale volumes. I think some of it was due to rationalization that occurred in the industry that allowed us to be more competitive, but we’ve gone through and in many locations, renegotiated terminal agreements that just allow us to be more competitive in some regions where we haven’t been historically and capture additional market share.
Paul Sankey : Got it. Thanks very much.
Operator: Thank you. The next question is coming from Ryan Todd of Piper Sandler. Please go ahead.
Ryan Todd: Great, thanks. Maybe a question on the renewable diesel side. I mean can you talk — obviously, a very strong performance in the quarter. Can you talk about sales in the quarter, which were, I mean, stronger than we had expected? Also had a very strong capture rate, which was much improved. And certainly, I think some benefit from pricing there. But can you talk about sales? What are the drivers there, implications as we look toward the back half of this year, both on sales and the kind of margin and capture on the renewable diesel side?
Eric Fisher : Yes. We definitely had — there’s always some timing of ships in our numbers for the quarter, but we do also have the unit running above its original design capacity. So we are running higher rates at DGD 3 as well as seeing strong sales throughout the world as we move into a lot of production moving into Canada with its new CFR that went live in July, and then there’s other states that are coming on beyond California. So overall, yes, we did see increased sales due to the combination of some timing of ships and then obviously, we’re running above design rates.
Ryan Todd: And on the on the margin cap just had. Any general comments on what you’re seeing, I mean, headline indicators have been falling, but your capture was much improved.
Eric Fisher : Yes. The margin — on the margin capture side, we definitely saw prices lower in the second quarter. We saw waste oils become advantaged again. So that improves a lot of our capture rate. If we talk a little bit about RINs and LCFS, those have been pretty much as expected. LCF market has been relatively flat. The EPA came out with its new RIN outlook, and it was largely unchanged. So — but overall, that’s mostly a product. Gary mentioned, we’ve seen strong ULSD demand. That’s the basis of the formula plus, I would say, more attractive fat prices, as you already mentioned.
Ryan Todd: And maybe on a different note, with the start-up of the Port Arthur Coker and the capital rolling off from that in terms of growth CapEx, you obviously have the SAF projects underway, but what types of projects might compete for growth capital going forward? Is it more likely to be incremental SAF capacity? Are there things on the refining side that you’re looking at, whether it’s something to increase octane production or anything like that on the margin side that can compete for capital as you think about the next couple of years?
