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Valero Energy Pauses Spot Gasoline Sales


Valero Energy (NYSE:VLO) has suspended spot gasoline sales in California due to a price jump.

Valero Energy Pauses Spot Gasoline Sales

The energy firm Valero Energy (NYSE:VLO) announced that it has suspended the spot sale of gasoline in California due to product shortages resulting from refinery outages.

Gasoline prices have reached a record high of $4.10 a barrel. It operates two refineries in California.

Bill Day, a Valero Energy (NYSE:VLO) spokesman, said, “Contracts will be met, but spot sales are being temporarily halted. Resumption will depend on markets and inventories. Valero Energy (NYSE:VLO) will continue to supply gasoline to its branded and licensed retail stations in the state”.

Valero Energy (NYSE:VLO) stocks are currently standing at 32.61.

Valero Energy Pauses Spot Gasoline Sales
Price History
Last Price: 32.61
52 Week Low / High: 19.12 / 34.36
50 Day Moving Average: 30.09
6 Month Price Change %: 25.0%
12 Month Price Change %: 75.9%


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