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January 17, 2011

Expect A Gasoline Correction to Hit Refining Stocks

By Dian L. Chu, EconForecast

The following is an excerpt of my first exclusive article to Seeking Alpha.  Please click here for to read the full content (free).

Expect Impending Gas Correction to Hit Refining Stocks

The U.S. average retail price for gasoline has advanced for
 six straight weeks to $3.09 per gallon, which is $0.34 per gallon higher than last year at this time.  This newly minted above $3 a gallon average price tag at the pump, on top of the elevated unemployment rate, is enough to sap the consumer sentiment.

Stocks referenced in the article include Valero, Tesoro, Sunoco, Exxon Mobil, and Chevron...Read More.

EconMatters, Jan. 17, 2011 | Facebook Page | New Article Alert |
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Item Reviewed: Expect A Gasoline Correction to Hit Refining Stocks Rating: 5 Reviewed By: EconMatters