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IMPORTANT MESSAGE: Benzinga’s internal motto is "By the People, For the People"" and for this reason we are giving away our #1 options trade alerts for only $1 today only. Click Here Now to Get 2 Bear Market Beating Options Trade Alerts for $1. Since Friday, June 24, crude oil prices per barrel have rallied 5.7%, after President Joe Biden proposed a three-month federal gas tax holiday. According to Tuesday data from the American Automobile Association (AAA) , national gas prices have declined to $4.881 a gallon, down from its recent peak of $5.016 a gallon. As refineries trudge to bring capacity back to 100%, sustained crude oil prices over $100 per barrel will allow oil companies to rake in record revenues as gas prices remain elevated. Valero Energy Corp shares were up 3.60% to $116.25 on Tuesday. The company has enjoyed a 52% year-to-date return, and the consensus projects second quarter earrings to be $6.50 a share, as reported by Fidelity. As of the first quarter 2022, Valero has a debt to equity ratio of 2.1 and an interest coverage ratio of 12.7. LIVE ON YOUTUBE: How New Traders are Using this Secret Options Trading Strategy to Profit […]
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