3 Red-Hot Refining Stocks for Surging Gas Prices

Gas prices have spiked to their highest level in over a decade, which could create more upside for these three refining stocks.

oil refinery
(Image credit: Getty Images)

If you've recently filled up your tank, you may have noticed that your wallet feels a bit lighter. That's because gasoline prices have surged to a decade-plus high of $4.25 per gallon according to AAA amid a host of factors, the largest of which include the crisis in Ukraine and supply-demand imbalances.

But while skyrocketing gas prices are hurting consumers, they're creating a boon for the energy sector – including refining stocks.

Disclaimer

Data is as of March 8. Dividend yields are calculated by annualizing the most recent payout and dividing by the share price.

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Contributing Writer, Kiplinger.com