EXHIBIT 99.1

For Immediate Release

COURT DENIES FTC'S REQUEST FOR PRELIMINARY INJUNCTION RELATED TO WESTERN
REFINING'S AND GIANT INDUSTRIES' PROPOSED MERGER


EL PASO, Texas and SCOTTSDALE, Arizona - May 29, 2007 - Western Refining,
Inc. (NYSE: WNR) and Giant Industries, Inc. (NYSE: GI) today announced
that the U.S. District Court for the District of New Mexico has denied
the Federal Trade Commission's request for a preliminary injunction
related to the companies' proposed merger and dissolved the temporary
restraining order issued on April 13, 2007.

"The District Court's ruling affirms what we, as well as what many
customers and state and industry leaders, have said all along.  We
believe a Western-Giant combination is pro-competitive and provides
important benefits to the companies' stakeholders, including our
customers, shareholders and employees," said Western's President and
Chief Executive Officer, Paul Foster.

Based upon discussions with the FTC prior to the Court's ruling, Western
believes the FTC will appeal the District Court's ruling regardless of
the rationale or basis for the Court's opinion and that the FTC will seek
an injunction from either the District Court or the U.S. Court of Appeals
for the 10th Circuit to preclude the closing of the merger pending the
FTC's appeal to the 10th Circuit Court.  Western and Giant believe there
is no basis for either an injunction or an appeal.  To ensure an orderly
process to a May 31, 2007 close, Western and Giant have agreed with the
FTC to not close the merger prior to noon mountain time on Thursday, May
31, 2007.  Western and Giant noted that absent a ruling from the 10th
Circuit enjoining the merger, the companies may close the transaction at
any point after noon mountain time on Thursday, May 31, 2007.

"There is no basis for the FTC to appeal the District Court's decision.
We remain confident in our position and look forward to closing the
transaction," continued Mr. Foster.

On November 13, 2006, Western Refining and Giant Industries announced an
agreement under which Western will acquire all of the outstanding shares
of Giant for $77.00 per share in cash.  As previously announced, Giant
Industries' shareholders voted to approve the transaction on February 27,
2007.

ABOUT WESTERN REFINING
Western Refining, Inc., headquartered in El Paso, Texas, is an
independent crude oil refiner and marketer of refined products, operating
primarily in the Southwest region of the United States, including
Arizona, New Mexico and West Texas.

ABOUT GIANT INDUSTRIES
Giant Industries Inc., headquartered in Scottsdale, Arizona, is a refiner
and marketer of petroleum products. Giant owns and operates one Virginia
and two New Mexico crude oil refineries, a crude oil gathering pipeline
system based in Farmington, New Mexico, which services the New Mexico
refineries, finished products distribution terminals in Albuquerque, New
Mexico, and Flagstaff, Arizona, a fleet of crude oil and finished product
truck transports, and a chain of retail service station/convenience
stores in New Mexico, Colorado and Arizona. Giant is also the parent
company of Phoenix Fuel Co. Inc., Dial Oil Co. and Empire Oil Co., all of
which are wholesale petroleum products distributors.

CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements.  Additional
information relating to the uncertainties affecting Western's and Giant's
businesses is contained in their respective filings with the Securities
and Exchange Commission.  The forward-looking statements speak only as of
the date made, and Western and Giant do not undertake any obligation to
(and expressly disclaim 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.

Contacts:
Western Refining                      Giant Industries
Scott Weaver                          Mark B. Cox
915-775-3300                          480-585-8888

OR

Barrett Golden / Jamie Moser
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449