All This U.S. Oil, Yet No Relief at the Pump

By Tyler Crowe and Austin Smith – Feb 14, 2013 at 9:10PM

NYSE: VLO

Valero Energy

Market Cap

$54B

Today's Change

(0.44%) $0.71

Current Price

$163.20

Price as of April 19, 2024, 2:59 p.m. ET

With the big surge in U.S. oil today, why aren't gas prices going down?

If America is becoming energy independent, why are gasoline prices going up? In this video, Tyler Crowe describes how U.S. oil refiners are buying cheap U.S. oil, refining it, and then exporting it for a premium. Refiners like Valero (VLO 0.44%), Phillips 66 (PSX 1.25%) and Marathon (MPC 0.43%) are making a killing on exporting gasoline and diesel to Latin America and Europe. While that's not good for the consumer, investors should do well. Tyler likes Valero best due to its high dividend.

Austin Smith has no position in any stocks mentioned. Fool contributor Tyler Crowe has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.