Gas Prices Stay Elevated Ahead of Memorial Day as Oil Stocks Rally
TL;DR Summary
Gas prices remained high, with the national average around $4.53 per gallon as Memorial Day travel approaches; Iran-related disruptions through the Strait of Hormuz have helped push crude toward $100 a barrel, and most major oil stocks rose (XOM, CVX, COP, EOG, OXY, BP) with Wall Street noting upside potential for several names, notably BP, COP, and CVX.
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