$XLE Refiners generally don't get much attention - $VLO $PBF $MPC and $XOM. But as oil prices level off (input costs) and the price of diesel and jetfuel (finished product) skyrocket as inventories are low, refiners' profit margins are soaring. This is called the crack spread. (see chart) "In a sign of the extreme tightness in fuel markets, the so-called crack spread for diesel in the US Gulf Coast — the amount a refiner gets for the fuel it sells above the price of crude — has hovered close to an all-time high of $60 a barrel over the past week, according to data from Refinitiv." ft.com/content/5cb00ec5-581... Of course all of these stocks are doing well. But I thought I would point this out. The widening spread is really remarkable now.
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