Yahoo finance sure drops the ball when it comes to news. Starbucks comes out w/ a new flavored latte and it somehow involves vlo, but when vlo price drops 5% there's nothing.
Valero announced that the new EPA rule on Mogas S is going to cost them lots of capital and huge ongoing operating costs.
Which is totally bogus. Even if it did, there is not going to be a comparitive disadvantage to other refiners.
And they will find some way to ship the high S stocks into export gasoline which they want to do anyway. And that will decrease inventory and raise margins. This is a huge buying opportunity.
That's the value of this message board. Frequently more speculation than fact, but at least once in a while it's on the mark ... unless the midav is the source, in which case it's off the wall. :-}