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With the big surge in U.S. oil today, why aren't gas prices going down?
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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 +0.00%), Phillips 66 (PSX +0.00%) and Marathon (MPC +0.01%) 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.
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