Valero Energy

Money Moves

Buyer of the former Houston refinery site

LyondellBasell shut its Houston refinery in February 2025 and exited refining. On Friday, Valero agreed to buy the roughly 700-acre site next door for $320.5 million and restart 165,000 barrels a day of light sweet crude processing by the end of 2027.

Updated Nov 1

Built World

Major US refiner operating at high utilization

Diesel averaged $6.31 a gallon on October 21, down from the record near $6.52 set in late September but still above $6 since September 10, according to AAA. The price is about 68% higher than the $3.76 average on February 28, when the US and Israel attacked Iran.

Updated Oct 24