This segment is from Thursday's edition of 'Digging for Value', in which sector analysts Joel South and Taylor Muckerman discuss energy & materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays & Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.
Gasoline prices are driven by-and-large by the balance between supply and demand. While oil prices certainly play a part, an over abundance of refined gasoline can drive prices lower. That's exactly what we have witnessed lately. According to analyst, Taylor Muckerman, surging refined product production is likely to boost revenues at pipeline operators Enterprise Product Partners (EPD +0.61%), Magellan Midstream Partners (MMP +0.00%) and Sunoco Logistics Partners (NYSE: SXL).
Where is all of the oil coming from? Just ask these 3 companies
