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VLO - (Valero Energy Corp.)

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VLO - (Valero Energy Corp.)
is a petroleum refining and retailing company

my understanding of that industry technology
is that their profit is derived from the "crack spread";
id est: the "cracking" the longer carbon chains of "crude"
into shorter chains resulting in more volatile products
such as gasoline

Valero technology is of above-average refining complexity,
which allows it to process large amounts of lower cost
"heavy" and "sour" crudes

the differential between crude price (materials cost),
and retail gas price (resulting product value)
defines refinery profit potential

Valero is the largest oil refiner in the U.S.
and is therefore the premier pure play is such profits

Valero is also one of the largest independent retailers
of refined products in the central and southwest U.S.
and eastern Canada

I am somewhat concerned that retail gasoline pricing
where I live (Long Island New York)
would seem to indicate a downward current trend.

I am currently, cautiously, holding some Valero stock