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 , Phillips 66 and Marathon 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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The article All This U.S. Oil, Yet No Relief at the Pump originally appeared on Fool.com.
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. Try any of our Foolish newsletter services free for 30 days. 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.
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