U.S. Refineries Make Dramatic Shift Away From Gasoline
Published . Updated .
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This report is about oil and refining.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund
United States Oil Fund: its price follows crude oil. Linked by “gasoline” (oil) in this story.
- XLE Energy Select Sector SPDR
Energy Select Sector SPDR: its price follows crude oil. Linked by “gasoline” (oil) in this story.
- CRAK VanEck Oil Refiners ETF
VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refineries” (refining) in this story.
- XOM ExxonMobil Holdings
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “gasoline” (oil) in this story.
- VLO Valero Energy
Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refineries” (refining) in this story.
- CVX Chevron
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “gasoline” (oil) in this story.
- MPC Marathon Petroleum
Marathon Petroleum (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refineries” (refining) in this story.
- COP ConocoPhillips
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “gasoline” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | +15.71% | +7.84% | base | +1.86% | after close | after close | after close |
| XLE | +8.14% | +5.85% | base | -0.56% | after close | after close | after close |
| CRAK | +4.46% | +3.83% | base | -2.33% | after close | after close | after close |
| XOM | +8.08% | +6.08% | base | +0.21% | after close | after close | after close |
| VLO | +5.34% | +4.45% | base | -1.01% | after close | after close | after close |
| CVX | +6.66% | +5.01% | base | +0.52% | after close | after close | after close |
| MPC | +10.19% | +9.67% | base | -0.94% | after close | after close | after close |
| COP | +9.55% | +7.27% | base | +0.79% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
U.S. Refineries Make Dramatic Shift Away From Gasoline Crude Oil Prices Today | OilPrice.com
How far United States Oil Fund (USO) has moved since 5 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Conocophillips (COP) | that day | +0.79% | still updating |
| Conocophillips (COP) | three days earlier | +7.27% | final price |
| Conocophillips (COP) | five days earlier | +9.55% | final price |
| Vaneck Etf Trust (CRAK) | that day | -2.33% | still updating |
| Vaneck Etf Trust (CRAK) | three days earlier | +3.83% | final price |
| Vaneck Etf Trust (CRAK) | five days earlier | +4.46% | final price |
| Chevron (CVX) | that day | +0.52% | still updating |
| Chevron (CVX) | three days earlier | +5.01% | final price |
| Chevron (CVX) | five days earlier | +6.66% | final price |
| Marathon Petroleum (MPC) | that day | -0.94% | still updating |
| Marathon Petroleum (MPC) | three days earlier | +9.67% | final price |
| Marathon Petroleum (MPC) | five days earlier | +10.19% | final price |
| United States Oil Fund (USO) | that day | +1.86% | still updating |
| United States Oil Fund (USO) | three days earlier | +7.84% | final price |
| United States Oil Fund (USO) | five days earlier | +15.71% | final price |
| Valero Energy (VLO) | that day | -1.01% | still updating |
| Valero Energy (VLO) | three days earlier | +4.45% | final price |
| Valero Energy (VLO) | five days earlier | +5.34% | final price |
| Select Sector Spdr Tr (XLE) | that day | -0.56% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | +5.85% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +8.14% | final price |
| ExxonMobil Holdings (XOM) | that day | +0.21% | still updating |
| ExxonMobil Holdings (XOM) | three days earlier | +6.08% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +8.08% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 22 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 66 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 22 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 43 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 64 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. David J. Taylor sold Marathon Petroleum (MPC), worth $1,001 - $15,000 on 15 Oct 2026. That is 21 days before publication. Filed 29 Oct 2026. View the filing.
- Rep. David J. Taylor sold Marathon Petroleum (MPC), worth $1,001 - $15,000 on 22 Sep 2026. That is 44 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 26 Aug 2026. That is 71 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 24 Aug 2026. That is 73 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Conocophillips (COP), worth $1,000,001 - $5,000,000 on 21 Aug 2026. That is 76 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
United States Oil Fund (USO) on one side of this energy story
Companies carried with this story
- USO United States Oil Fund
In “U.S. Refineries Make Dramatic Shift Away From Gasoline,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “gasoline” (oil) in this story
- XLE Select Sector Spdr Tr
Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “U.S. Refineries Make Dramatic Shift Away From Gasoline.” Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “gasoline” (oil) in this story
- CRAK Vaneck Etf Trust
In “U.S. Refineries Make Dramatic Shift Away From Gasoline,” Vaneck Etf Trust (CRAK) is linked, with no stored direction, medium confidence. Reason on file: VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refineries” (refining) in this story
- XOM ExxonMobil Holdings
In “U.S. Refineries Make Dramatic Shift Away From Gasoline,” ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “gasoline” (oil) in this story
- VLO Valero Energy
For “U.S. Refineries Make Dramatic Shift Away From Gasoline,” Valero Energy (VLO) is linked, with no stored direction, medium confidence. Reason on file: Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refineries” (refining) in this story
- CVX Chevron
For “U.S. Refineries Make Dramatic Shift Away From Gasoline,” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “gasoline” (oil) in this story
- MPC Marathon Petroleum
For “U.S. Refineries Make Dramatic Shift Away From Gasoline,” Marathon Petroleum (MPC) is linked, with no stored direction, medium confidence. Reason on file: Marathon Petroleum (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refineries” (refining) in this story
- COP Conocophillips
In “U.S. Refineries Make Dramatic Shift Away From Gasoline,” Conocophillips (COP) is linked, with no stored direction, medium confidence. Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “gasoline” (oil) in this story
How energy news reaches United States Oil Fund (USO)
The 5 Nov 2026 story “U.S. Refineries Make Dramatic Shift Away From Gasoline” names United States Oil Fund (USO) because of Energy.
United States Oil Fund (USO) is on the page because United States Oil Fund: its price follows crude oil. Linked by “gasoline” (oil) in this story
Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: its price follows crude oil. Linked by “gasoline” (oil) in this story
What this energy story puts on the calendar
USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 145.42. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
What the saved facts support for United States Oil Fund (USO)
46 out of 100Price not final
“U.S. Refineries Make Dramatic Shift Away From Gasoline” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.