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Lundberg Letter Current Issues    
Issue DateTitleSubjectsCAPTION
Sep 18 2020
The Titan of Unbranded Gasoline
PORTRAIT OF VALERO 2020
Market Share

Wholesale Prices

Refining
Despite launching a new brand image two years ago, Valero's branded outlet count has dwindled. At the same time, the nation's second biggest refiner continues to build its refining clout and churn out massive unbranded volumes from its flexible U.S. system. This report reviews Valero's gasoline market share and spotlights its below-middle rack price position in one metro market.
Sep 09 2020
California Under Siege
REFINER EXODUS CONTINUES
Regulations

Demand

California's alternative energy mandates have rendered it a laughing stock as hapless residents are now experiencing blackouts. Meanwhile, the state is set to lose two of its remaining 10 refineries as Covid accelerated the gasoline demand crash that had already been ordered by politicians years ago. For California regulators, the permanent loss of vital state energy infrastructure is 'mission accomplished'.
 

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