Even Valero’s Finances Are Vulnerable (NYSE:VLO)

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Shark attacks a goldfish.

Mihaela Rosu/iStock via Getty Images

For refineries, crack spreads mean everything. In recent months, the Gulf Coast 2-1-1 fell into the mid-20s, down from the mid-30s. Companies such as Valero (NYSE:VLO) rely heavily on those spreads for results. During the

Cracks GC 2-1-1 July Aug. Sept. Ave
2022 $44 $38 $36 $40
2023 $33 $42 $34 $36

Cracks GC 2-1-1 Oct. Nov. Dec. Ave
2022 $51 $38 $30 $40
2023 $24 $20 $20 $21

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