Exhibit 99.1

FOR IMMEDIATE RELEASE

Investor and Analyst Contact:		Media Contact:
Jeffrey S. Beyersdorfer		Gary Hanson
(915) 534-1400		(915) 534-1400

WESTERN REFINING REPORTS SECOND QUARTER 2011 RESULTS
Strong Refining Margins Result In Solid Quarter

EL PASO, Texas — August 4, 2011 — Western Refining, Inc. (NYSE:WNR) today reported net income for the second quarter ended June 30, 2011 of $100.1 million, or $1.10 per basic share and $0.94 per diluted share, compared to second quarter 2010 net income of $14.4 million, or $0.16 per basic and diluted share. The improved results for the quarter were due to stronger refining margins, which were primarily the result of the continued price advantage of WTI crude oil as compared to Brent and other water-borne crude oils.

Adjusted EBITDA for the quarter was $228.5 million compared to Adjusted EBITDA of $107.7 million for the second quarter of 2010. For the quarter, Adjusted EBITDA was negatively impacted by $30.9 million in both realized and unrealized hedging losses.

Jeff Stevens, Western’s President and Chief Executive Officer, said, “Our second quarter was one of the best in our Company’s history. Our refineries ran safely and reliably, with throughput averaging approximately 153,000 barrels per day. The strong refining margins for inland refineries processing WTI-priced crude oils contributed to our solid earnings in the quarter.”

As of June 30, 2011, total debt was $1,057.6 million and cash on hand was $173.2 million, resulting in net debt of $884.4 million.

“The Company continues to see strength in the futures market for both distillate and gasoline Gulf Coast crack spreads. Therefore, we are taking the opportunity to lock in these unusually high margins on a portion of our future production by adding to our hedging positions. Capturing these spreads is an important component of our strategy to reduce debt and strengthen our balance sheet,” added Stevens.

Commenting on the third quarter, Stevens said, “We continue to see strong margins and are very encouraged by the widening WTI-Brent price differentials. We believe Western is well positioned to capture more of these margins and further enhance shareholder value.”

Conference Call Information

A conference call is scheduled for Thursday, August 4, 2011, at 10:00 am ET to discuss Western’s financial results. A slide presentation will also be available for reference during the conference call. The call and slide presentation can be accessed at Western’s website, www.wnr.com. The call can also be heard by dialing (866) 566-8590, passcode: 75804196. The audio replay will be available through August 11, 2011, and can be accessed by dialing (800) 642-1687, passcode: 75804196.

A copy of this press release, together with the reconciliations of certain non-GAAP financial measures contained herein, can be accessed on the investor relations menu on Western’s website, www.wnr.com.

About Western Refining

Western Refining, Inc. is an independent refining and marketing company headquartered in El Paso, Texas. Western operates refineries in El Paso, and Gallup, New Mexico. Western’s asset portfolio also includes refined products terminals in Albuquerque and Bloomfield, New Mexico and Yorktown, Virginia; asphalt terminals in Phoenix and Tucson, Arizona, Albuquerque, and El Paso; retail service stations and convenience stores in Arizona, Colorado, and New Mexico; a fleet of crude oil and finished product truck transports; and wholesale petroleum products operations in Arizona, California, Colorado, Nevada, New Mexico, Texas, and Utah. More information about the Company is available at www.wnr.com.

Cautionary Statement on Forward-Looking Statements

This press release contains forward-looking statements. The forward-looking statements contained herein include statements about the strong margin environment, the strength in the futures market, the Company’s actions to reduce debt and strengthen its balance sheet, and the Company’s positioning in the current margin environment. These statements are subject to the general risks inherent in our business. These expectations may or may not be realized. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, Western’s business and operations involve numerous risks and uncertainties, many of which are beyond Western’s control, which could result in Western’s expectations not being realized or otherwise materially affect Western’s financial condition, results of operations, and cash flows. Additional information relating to the uncertainties affecting Western’s business is contained in its filings with the Securities and Exchange Commission. The forward-looking statements are only as of the date made, and Western does not undertake any obligation to (and expressly disclaims any obligation to) update any forward-looking statements to reflect events or circumstances after the date such statements were made, or to reflect the occurrence of unanticipated events.

Consolidated Financial Data

The following tables set forth our summary of historical financial and operating data for the periods indicated below:

		Three Months Ended June 30,								Six Months Ended June 30,
		2011				2010				2011				2010
						(In thousands, except per share data)
Statement of Operations Data:
Net sales (1)		$	2,557,884			$	2,145,337			$	4,397,472			$	4,060,732
Operating costs and expenses:
Cost of products sold (exclusive of depreciation and amortization) (1)			2,188,184				1,906,941				3,800,911				3,672,402
Direct operating expenses (exclusive of depreciation and amortization) (1)			117,405				113,968				228,412				220,948
Selling, general and administrative expenses			24,807				21,023				45,204				37,453
Maintenance turnaround expense			704				—				704				23,286
Depreciation and amortization			34,349				34,759				69,720				69,041
Total operating costs and expenses			2,365,449				2,076,691				4,144,951				4,023,130
Operating income (loss)			192,435				68,646				252,521				37,602
Other income (expense):
Interest income			139				136				231				166
Interest expense			(33,504	)			(37,295	)			(67,996	)			(74,069	)
Amortization of loan fees			(2,239	)			(2,420	)			(4,574	)			(4,834	)
Loss from extinguishment of debt			—				—				(4,641	)			—
Other, net			880				4,164				1,168				3,799
Income (loss) before income taxes			157,711				33,231				176,709				(37,336	)
Provision for income taxes			(57,640	)			(18,878	)			(64,413	)			21,000
Net income (loss)		$	100,071			$	14,353			$	112,296			$	(16,336	)
Basic earnings (loss) per share		$	1.10			$	0.16			$	1.24			$	(0.19	)
Diluted earnings (loss) per share (3)		$	0.94			$	0.16			$	1.09			$	(0.19	)
Weighted average basic shares outstanding			89,083				88,222				88,727				88,115
Weighted average dilutive shares outstanding			109,792				88,222				109,630				88,115
Cash Flow Data:
Net cash provided by (used in):
Operating activities		$	165,803			$	1,449			$	144,762			$	(146,123	)
Investing activities			(15,195	)			(18,153	)			(14,367	)			(36,891	)
Financing activities			10,664				11,750				(17,102	)			128,500
Other Data:
Adjusted EBITDA (2)		$	228,507			$	107,705			$	324,344			$	133,894
Capital expenditures			15,223				18,238				26,002				37,081
Balance Sheet Data (at end of period):
Cash and cash equivalents										$	173,205			$	20,376
Working capital											520,953				303,808
Total assets											2,834,352				2,846,299
Total debt											1,057,625				1,252,847
Stockholders’ equity											795,616				674,047

Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation, or as a substitute for analysis of our results as reported under GAAP. Some of these limitations are:

	•		Adjusted EBITDA does not reflect our cash expenditures or future requirements for significant turnaround activities, capital expenditures, or contractual commitments;
	•		Adjusted EBITDA does not reflect the interest expense or the cash requirements necessary to service interest or principal payments on our debt;
	•		Adjusted EBITDA does not reflect changes in, or cash requirements for, our working capital needs; and
	•		our calculation of Adjusted EBITDA may differ from the Adjusted EBITDA calculations of other companies in our industry, thereby limiting its usefulness as a comparative measure.

Because of these limitations, Adjusted EBITDA should not be considered a measure of discretionary cash available to us to invest in the growth of our business. We compensate for these limitations by relying primarily on our GAAP results and using Adjusted EBITDA only supplementally. The following table reconciles net income (loss) to Adjusted EBITDA for the periods presented:

		Three Months Ended June 30,								Six Months Ended June 30,
		2011				2010				2011				2010
						(In thousands)
Net income (loss)		$	100,071			$	14,353			$	112,296			$	(16,336	)
Interest expense			33,504				37,295				67,996				74,069
Provision for income taxes			57,640				18,878				64,413				(21,000	)
Amortization of loan fees			2,239				2,420				4,574				4,834
Depreciation and amortization			34,349				34,759				69,720				69,041
Maintenance turnaround expense			704				—				704				23,286
Loss on extinguishment of debt			—				—				4,641				—
Adjusted EBITDA		$	228,507			$	107,705			$	324,344			$	133,894

Refining Segment

The following tables present the segment financial data for our refining group, including other revenues and expenses not specific to a particular refinery:

All Refineries

		Three Months Ended June 30,								Six Months Ended June 30,
		2011				2010				2011				2010
						(In thousands, except per barrel data)
Statement of Operations Data:
Net sales (including intersegment sales)		$	2,258,626			$	2,132,920			$	3,969,343			$	4,050,878
Operating costs and expenses:
Cost of products sold (exclusive of depreciation and amortization)			1,932,706				1,940,548				3,470,872				3,747,703
Direct operating expenses (exclusive of depreciation and amortization)			85,945				86,261				167,082				168,364
Selling, general, and administrative expenses			6,695				5,109				9,267				8,190
Maintenance turnaround expense			704				—				704				23,286
Depreciation and amortization			30,141				29,501				61,193				58,777
Total operating costs and expenses			2,056,191				2,061,419				3,709,118				4,006,320
Operating income (loss)		$	202,435			$	71,501			$	260,225			$	44,558
Key Operating Statistics: (5)
Total sales volume (bpd) (1)			192,364				264,964				178,395				257,336
Total refinery production (bpd)			150,730				215,043				135,204				203,835
Total refinery throughput (bpd) (2)			152,945				216,948				137,334				205,027
Per barrel of throughput:
Refinery gross margin (3)		$	23.42			$	9.74			$	20.05			$	8.17
Gross profit (3)			21.25				8.25				17.59				6.59
Direct operating expenses (4)			6.18				4.37				6.72				4.54

Southwest Refineries (El Paso, Gallup, and Related Operations)

		Three Months Ended June 30,								Six Months Ended June 30,
		2011				2010				2011				2010
		(In thousands, except per barrel data)
Statement of Operations Data:
Net sales (including intersegment sales)		$	2,257,263			$	1,624,267			$	3,966,644			$	3,052,227
Operating costs and expenses:
Cost of products sold (exclusive of depreciation and amortization)			1,932,878				1,445,373				3,469,481				2,777,972
Direct operating expenses (exclusive of depreciation and amortization)			76,226				59,897				146,138				116,970
Selling, general, and administrative expenses			6,695				5,109				9,267				8,190
Maintenance turnaround expense			704				—				704				23,286
Depreciation and amortization			19,115				18,236				36,820				36,100
Total operating costs and expenses			2,035,618				1,528,615				3,662,410				2,962,518
Operating income (loss)		$	221,645			$	95,652			$	304,234			$	89,709
Key Operating Statistics:
Total sales volume (bpd) (1)			192,308				195,063				178,368				187,192
Total refinery production (bpd)			150,730				153,017				135,204				141,428
Total refinery throughput (bpd) (2)			152,945				155,589				137,334				143,704
Per barrel of throughput:
Refinery gross margin (3)		$	23.31			$	12.63			$	20.00			$	10.54
Gross profit (3)			21.93				11.35				18.52				9.16
Direct operating expenses (4)			5.48				4.23				5.88				4.50

The following tables set forth our summary refining throughput and production data for the periods presented below:

All Refineries

		Three Months Ended June 30,								Six Months Ended June 30,
		2011				2010				2011				2010
Key Operating Statistics: (5)
Refinery product yields (bpd)
Gasoline			77,979				112,292				72,341				106,950
Diesel and jet fuel			62,903				82,388				54,644				77,750
Residuum			6,176				5,196				4,871				4,613
Other			3,672				8,776				3,348				8,474
Liquid products			150,730				208,652				135,204				197,787
By-products (coke)			—				6,391				—				6,048
Total			150,730				215,043				135,204				203,835
Refinery throughput (bpd)
Sweet crude oil			121,131				137,941				107,637				132,119
Sour or heavy crude oil			23,273				59,617				19,862				54,997
Other feedstocks/blendstocks			8,541				19,390				9,835				17,911
Total			152,945				216,948				137,334				205,027

Southwest Refineries (El Paso and Gallup)

		Three Months Ended June 30,								Six Months Ended June 30,
		2011				2010				2011				2010
Key Operating Statistics:
Refinery product yields (bpd)
Gasoline			77,979				83,251				72,341				77,751
Diesel and jet fuel			62,903				60,393				54,644				55,162
Residuum			6,176				5,196				4,871				4,613
Other			3,672				4,177				3,348				3,902
Total			150,730				153,017				135,204				141,428
Refinery throughput (bpd)
Sweet crude oil			121,131				132,964				107,637				123,244
Sour or heavy crude oil			23,273				12,524				19,862				11,084
Other feedstocks/blendstocks			8,541				10,101				9,835				9,376
Total			152,945				155,589				137,334				143,704

El Paso Refinery

		Three Months Ended June 30,								Six Months Ended June 30,
		2011				2010				2011				2010
Key Operating Statistics:
Refinery product yields (bpd)
Gasoline			63,281				66,178				56,620				61,978
Diesel and jet fuel			56,392				53,890				48,014				49,283
Residuum			6,176				5,196				4,871				4,613
Other			2,966				3,352				2,579				3,079
Total refinery production (bpd)			128,815				128,616				112,084				118,953
Refinery throughput (bpd)
Sweet crude oil			99,512				111,279				85,844				102,792
Sour crude oil			23,273				12,524				19,862				11,084
Other feedstocks/blendstocks			7,668				6,915				7,942				6,850
Total refinery throughput (bpd)			130,453				130,718				113,648				120,726
Total sales volume (bpd) (1)			158,339				158,573				144,967				152,904
Per barrel of throughput:
Refinery gross margin (3)		$	24.65			$	11.57			$	22.13			$	9.45
Direct operating expenses (4)			4.12				3.44				4.88				3.59

Gallup Refinery

		Three Months Ended June 30,								Six Months Ended June 30,
		2011				2010				2011				2010
Key Operating Statistics:
Refinery product yields (bpd)
Gasoline			14,698				17,073				15,721				15,773
Diesel and jet fuel			6,511				6,503				6,630				5,879
Other			706				825				769				823
Total refinery production (bpd)			21,915				24,401				23,120				22,475
Refinery throughput (bpd)
Sweet crude oil			21,619				21,685				21,793				20,452
Other feedstocks/blendstocks			873				3,186				1,893				2,526
Total refinery throughput (bpd)			22,492				24,871				23,686				22,978
Total sales volume (bpd) (1)			33,969				36,490				33,401				34,288
Per barrel of throughput:
Refinery gross margin (3)		$	29.35			$	18.16			$	24.30			$	16.84
Direct operating expenses (4)			10.65				6.20				8.58				6.81

Yorktown Refinery

		Three Months Ended June 30,								Six Months Ended June 30,
						2010								2010
Key Operating Statistics: (5)
Refinery product yields (bpd)
Gasoline							29,041								29,199
Diesel and jet fuel							21,995								22,588
Other							4,599								4,572
Liquid products							55,635								56,359
By-products (coke)							6,391								6,048
Total refinery production (bpd)							62,026								62,407
Refinery throughput (bpd)
Sweet crude oil							4,977								8,875
Heavy crude oil							47,093								43,913
Other feedstocks/blendstocks							9,289								8,535
Total refinery throughput (bpd)							61,359								61,323
Total sales volume (bpd) (1)							69,901								70,144
Per barrel of throughput:
Refinery gross margin (3)						$	2.41							$	2.61
Direct operating expenses (4)							4.72								4.63

The following table reconciles combined gross profit for all refineries to combined gross margin for all refineries for the periods presented:

		Three Months Ended June 30,								Six Months Ended June 30,
		2011				2010				2011				2010
		(In thousands, except per barrel data)
Net sales (including intersegment sales)		$	2,258,626			$	2,132,920			$	3,969,343			$	4,050,878
Cost of products sold (exclusive of depreciation and amortization)			1,932,706				1,940,548				3,470,872				3,747,703
Depreciation and amortization			30,141				29,501				61,193				58,777
Gross profit			295,779				162,871				437,278				244,398
Plus depreciation and amortization			30,141				29,501				61,193				58,777
Refinery gross margin		$	325,920			$	192,372			$	498,471			$	303,175
Refinery gross margin per refinery throughput barrel		$	23.42			$	9.74			$	20.05			$	8.17
Gross profit per refinery throughput barrel		$	21.25			$	8.25			$	17.59			$	6.59

The following table reconciles gross profit for our Southwest refineries to gross margin for our Southwest refineries for the periods presented:

		Three Months Ended June 30,								Six Months Ended June 30,
		2011				2010				2011				2010
		(In thousands, except per barrel data)
Net sales (including intersegment sales)		$	2,257,263			$	1,624,267			$	3,966,644			$	3,052,227
Cost of products sold (exclusive of depreciation and amortization)			1,932,878				1,445,373				3,469,481				2,777,972
Depreciation and amortization			19,115				18,236				36,820				36,100
Gross profit			305,270				160,658				460,343				238,155
Plus depreciation and amortization			19,115				18,236				36,820				36,100
Refinery gross margin		$	324,385			$	178,894			$	497,163			$	274,255
Refinery gross margin per refinery throughput barrel		$	23.31			$	12.63			$	20.00			$	10.54
Gross profit per refinery throughput barrel		$	21.93			$	11.35			$	18.52			$	9.16

Wholesale Segment

		Three Months Ended June 30,								Six Months Ended June 30,
		2011 (3)				2010				2011 (3)				2010
		(In thousands, except per gallon data)
Statement of Operations Data:
Net sales (including intersegment sales)		$	1,256,000			$	637,048			$	2,302,021			$	1,150,886
Operating costs and expenses:
Cost of products sold (exclusive of depreciation and amortization)			1,235,100				615,407				2,245,250				1,109,297
Direct operating expenses (exclusive of depreciation and amortization)			16,292				12,433				32,062				22,394
Selling, general and administrative expenses			2,871				2,888				4,917				4,756
Depreciation and amortization			1,088				1,319				2,224				2,704
Total operating costs and expenses			1,255,351				632,047				2,284,453				1,139,151
Operating income		$	649			$	5,001			$	17,568			$	11,735
Operating Data:
Fuel gallons sold (in thousands)			381,496				258,325				741,590				476,064
Fuel margin per gallon (1)		$	0.03			$	0.07			$	0.06			$	0.07
Lubricant sales		$	29,178			$	26,070			$	55,354			$	49,462
Lubricant margins (2)			12.8	%			11.0	%			12.5	%			11.4	%

		Three Months Ended June 30,								Six Months Ended June 30,
		2011 (3)				2010				2011 (3)				2010
		(In thousands, except per gallon data)
Net sales:
Fuel sales		$	1,309,833			$	666,203			$	2,413,195			$	1,206,794
Excise taxes included in fuel sales			( 91,163	)			( 62,594	)			( 182,714	)			( 120,001	)
Lubricant sales			29,178				26,070				55,354				49,462
Other sales			8,152				7,369				16,186				14,631
Net sales		$	1,256,000			$	637,048			$	2,302,021			$	1,150,886
Cost of products sold:
Fuel cost of products sold		$	1,297,825			$	650,361			$	2,372,952			$	1,177,460
Excise taxes included in fuel cost of products sold			( 91,163	)			( 62,594	)			( 182,714	)			( 120,001	)
Lubricant cost of products sold			25,448				23,213				48,424				43,827
Other cost of products sold			2,990				4,427				6,588				8,011
Cost of products sold		$	1,235,100			$	615,407			$	2,245,250			$	1,109,297
Fuel margin per gallon (1)		$	0.03			$	0.07			$	0.06			$	0.07

Retail Segment

		Three Months Ended June 30,								Six Months Ended June 30,
		2011				2010				2011				2010
		(In thousands, except per gallon data)
Statement of Operations Data:
Net sales (including intersegment sales)		$	228,419			$	184,212			$	412,162			$	342,792
Operating costs and expenses:
Cost of products sold (exclusive of depreciation and amortization)			202,460				158,261				365,513				296,408
Direct operating expenses (exclusive of depreciation and amortization)			18,247				16,842				34,598				33,008
Selling, general and administrative expenses			1,896				1,262				3,022				1,964
Depreciation and amortization			2,386				2,729				4,822				5,135
Total operating costs and expenses			224,989				179,094				407,955				336,515
Operating income		$	3,430			$	5,118			$	4,207			$	6,277
Operating Data:
Fuel gallons sold (in thousands)			51,688				52,884				97,963				99,248
Fuel margin per gallon (1)		$	0.20			$	0.20			$	0.18			$	0.18
Merchandise sales		$	49,472			$	49,250			$	93,118			$	92,001
Merchandise margin (2)			28.5	%			28.7	%			28.4	%			28.3	%
Operating retail outlets at period end (3)			169				150				169				150

		Three Months Ended June 30,								Six Months Ended June 30,
		2011				2010				2011				2010
		(In thousands, except per gallon data)
Net sales:
Fuel sales		$	192,725			$	149,091			$	344,431			$	276,387
Excise taxes included in fuel revenues			( 19,736	)			( 20,452	)			( 37,665	)			( 37,933	)
Merchandise sales			49,472				49,250				93,118				92,001
Other sales			5,958				6,323				12,278				12,337
Net sales		$	228,419			$	184,212			$	412,162			$	342,792
Cost of products sold:
Fuel cost of products sold		$	182,246			$	138,727			$	326,998			$	258,868
Excise taxes included in fuel cost of products sold			( 19,736	)			( 20,452	)			( 37,665	)			( 37,933	)
Merchandise cost of products sold			35,375				35,131				66,683				65,968
Other cost of products sold			4,575				4,855				9,497				9,505
Cost of products sold		$	202,460			$	158,261			$	365,513			$	296,408
Fuel margin per gallon (1)		$	0.20			$	0.20			$	0.18			$	0.18

Reconciliation of Special Items

We present below certain additional financial measures that are non-GAAP measures within the meaning of Regulation G under the Securities Exchange Act of 1934.

We present these non-GAAP measures to provide investors with additional information to analyze our performance from period to period. We believe it is useful for investors to understand our financial performance excluding these special items so that investors can see the operating trends underlying our business. Investors should not consider these non-GAAP measures in isolation from, or as a substitute for, the financial information that we report in accordance with GAAP. These non-GAAP measures reflect subjective determinations by management, and may differ from similarly titled non-GAAP measures presented by other companies.

		Three Months Ended June 30,								Six Months Ended June 30,
		2011				2010				2011				2010
		(In thousands, except per share data)
Reported diluted earnings (loss) per share		$	0.94			$	0.16			$	1.09			$	(0.19	)
Income (loss) before income taxes		$	157,711			$	33,231			$	176,709			$	(37,336	)
Loss on extinguishment of debt			—				—				4,641				—
Earnings (loss) before income taxes excluding special items			157,711				33,231				181,350				( 37,336	)
Income taxes excluding special items			( 57,640	)			( 18,878	)			( 66,105	)			21,000
Net income (loss) excluding special items		$	100,071			$	14,353			$	115,245			$	(16,336	)
Diluted earnings (loss) per share excluding special items		$	0.94			$	0.16			$	1.12			$	(0.19	)