Market News / Story
Why Did VLO, MPC, PSX Stocks Jump To 52-Week Highs Today?
Stocktwits ·
Stocktwits reports: Shares of Valero Energy Corp. (VLO), Marathon Petroleum Corp. (MPC), and Phillips 66 (PSX) soared to 52-week highs on Thursday amid rising diesel prices and changes to Wall Street price targets. Diesel and gas prices across the U.S. have surged amid the ongoing energy supply disruptions in the Strait of Hormuz due to the war with Iran. The National Average price of diesel as of Oct. 8 is $6.28 per gallon, according to AAA Fuel, up from $5.90 per gallon last month. VLO…