U.S. motorists are facing increased fuel costs as the average price of regular gasoline has risen to approximately $4.10 per gallon, according to the U.S. Energy Information Administration (EIA). This increase poses challenges for consumers but may benefit refiners due to enhanced refining margins.
Several refining companies are positioned well amid these rising prices, including Delek US Holdings, which reported Q2 2026 adjusted EBITDA of $638.7 million, up 258% year-over-year, while Par Pacific Holdings saw a 409% surge in EBITDA to $552 million. PBF Energy’s income from operations climbed to $1.27 billion from $43 million in Q2 2025, and Valero Energy reported a significant increase in operating income, reaching $4.5 billion for the same period.
The refining sector currently ranks in the top 9% of over 240 industries, with Delek US Holdings (DK), Par Pacific Holdings (PARR), PBF Energy (PBF), and Valero Energy (VLO) each receiving a Zacks Rank #1 (Strong Buy), highlighting their strong potential amid high fuel prices.
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