You are not "stupid" for averaging down. The entire petroleum industry is taking a hit and refiners are being pulled down by their "frictional associataion" to the industry. Refiners in actuality are relatively insulated from dropping crude prices. In fact, low crude prices are good for refiners. The cost of their product is always added to the price of crude. They will sell more gasoline and other refined products due to the now lower prices. It will take a couple of quarterly reports for most people to realize that; then the money managers will all begin touting the refiners and their shares will sky rocket back up. The investors who bought at the huge dip will now be sitting pretty. "Profit on" my wise messageboard friend.