Crack Spread Going Parabolic!
Today, with oil at $128 and change per barrel, gasoline at 3.38 a gallon, and heating oil (diesel) at 3.79 at NYMEX, the crack spread is $19. For the refiners, this is great news. With crack spreads now going parabolic (only last week it was around $15), rather than the steady rise we have seen since the November lows (around $7), NOW is the time to get in to one or more refining stocks. Higher crack spreads always result in higher prices for the pure refiner stocks!
Here is your chance to take advantage of the increasing gasoline prices!
Disclaimer: I own VLO stock, and call options on WNR, VLO, TSO, and SUN.