8-K

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                  SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C. 20549

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                               Form 8-K
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                            CURRENT REPORT
                  PURSUANT TO SECTION 13 OR 15(d) OF
                  THE SECURITIES EXCHANGE ACT OF 1934

   Date of Report (Date of earliest event reported): March 15, 2004

                        GIANT INDUSTRIES, INC.
      (Exact name of registrant as specified in its charter)


         Delaware                 1-10398             86-0642718
(State of jurisdiction of    (Commission File)      (IRS Employer
      incorporation)              Number)         Identification No.


     23733 North Scottsdale Road
          Scottsdale, Arizona                         85255
(Address of principal executive offices)            (Zip Code)


           Registrant's telephone number, including area code
                            (480) 585-8888

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Item 5.   Other Events

     See press release attached hereto as Exhibit 99.




                            SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.


                        By: /s/ MARK B. COX
                           -------------------------------------------
                           Mark B. Cox
                           Vice President and Chief Financial Officer
                           (Principal Financial Officer)

Date: March 15, 2004



                       INDEX TO EXHIBITS


Exhibit
Number        Description
- -------       ---------------------------------------------
  99          Press Release, dated as of March 15, 2004

EX-99

                                                           EXHIBIT 99
GIANT INDUSTRIES, INC.
NEWS RELEASE

Contact:  Mark B. Cox
          Vice President, Treasurer, & Chief Financial Officer
          Giant Industries, Inc.
          (480) 585-8888

FOR IMMEDIATE RELEASE

March 15, 2004


GIANT INDUSTRIES, INC. FILES UNIVERSAL SHELF REGISTRATION STATEMENT

Scottsdale, Arizona, March 15, 2004 - Giant Industries, Inc. [NYSE:
GI] announced today that it has filed with the Securities and Exchange
Commission ("SEC") a Form S-3 universal shelf registration statement.
The shelf registration allows Giant to issue various types of
securities, including debt securities, preferred stock, common stock,
debt and equity warrants and stock purchase contracts, either
separately or in units, from time to time in one or more offerings up
to a total dollar amount of $300 million.

Once declared effective by the SEC, the shelf registration statement
would enable Giant to raise funds from the offering of any individual
security covered by the shelf registration statement as well as any
combination thereof, subject to market conditions and Giant's capital
needs.

The shelf registration statement has been filed with the SEC but has
not yet become effective.  These securities may not be sold, nor may
offers to buy be accepted, prior to the time that the registration
statement is declared effective.  This press release does not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful, prior to
registration or qualification under the securities laws of any such
jurisdiction.

COMPANY INFORMATION AND FORWARD LOOKING STATEMENTS

Giant, 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., an Arizona
wholesale petroleum products distributor. For more information, please
visit Giant's website at www.giant.com.

This press release contains forward-looking statements that involve
known and unknown risks and uncertainties.  Forward-looking statements
are identified by words or phrases such as believes," "expects,"
"anticipates," "estimates," "should," "could," "plans," "intends,"
"may," "project," "predict," "will," variations of such words and
phrases, and other similar expressions.  Although we believe the
assumptions upon which these forward-looking statements are based are
reasonable, any of these assumptions could prove to be inaccurate, and
the forward-looking statements based on these assumptions could be
incorrect.  While these forward-looking statements are made in good
faith, and reflect the Company's current judgment regarding such
matters, actual results could vary materially from the forward-looking
statements.  Important factors that could cause actual results to
differ from forward-looking statements include, but are not limited
to, the various risks detailed from time to time in the Company's
filings with the Securities and Exchange Commission.  All subsequent
written and oral forward-looking statements attributable to the
Company, or persons acting on behalf of the Company, are expressly
qualified in their entirety by the foregoing.  Forward-looking
statements made by the Company represent its judgment on the dates
such statements are made.  The Company assumes no obligation to update
any forward-looking statements to reflect new or changed events or
circumstances.