April 03, 2013 at 13:34 PM EDT
Refiners Drop For 2nd Day On Fears Over EPA Mandate
Refiners shares continued to tumble for the second day as investors and analysts worried about profit margins in the face of potential stricter regulations. Valero Energy (VLO) shares lost 5% in the stock market today after falling 5.7% on Tuesday. CVR Energy (CVI) fell 4.7% intraday. Phillips 66 (PSX) shares plunged more than 7%. Marathon Petroleum (MPC) shares were down nearly 7%. Last week, the EPA said a White House proposal to reduce the
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