Gasoline prices surged 21.2% in March 2026, the largest monthly increase since 1967, driven by disruptions to oil flows through the Strait of Hormuz due to the Iran war. National average gas prices jumped from $2.98 to $4.15 per gallon in six weeks. Goldman Sachs upgraded several refiner stocks as beneficiaries of elevated crack spreads and tighter energy supply chains, while economists debate whether this represents a temporary shock or a sustained inflationary regime.

U.S. gasoline prices surged to $4.02 per gallon and diesel hit $5.45, driven by Iran war disruptions at the Strait of Hormuz. Oil refiners are capitalizing on widened crack spreads (now ~$47/barrel vs. $20 pre-war), with refiner stocks posting exceptional gains. The VanEck Oil Refiners ETF (CRAK) is up 29% YTD on a 14-week winning streak, while individual refiners like Par Pacific and PBF Energy gained 50% and 41% in March respectively. Analysts raised price targets on Valero Energy, citing potential structural shifts in refining profitability.

Ezra Uzi Yemin, Director of Delek US Holdings, sold 140,006 shares across two transactions in March 2026 for approximately $6.1 million. The sales were conducted under a pre-arranged 10b5-1 plan adopted in December 2025, reducing his holdings by 14.9%. Despite the insider selling, analysts note the company's strong operational performance, with Q4 2025 showing adjusted net income of $143 million versus a $161 million loss a year prior, and the stock has surged 184% over the past year.

Zohar Shlomo, a director at Delek US Holdings, sold 7,343 shares worth approximately $338,000 on March 19, 2026, reducing his direct holdings by 52.49%. The sale was executed under a pre-arranged Rule 10b5-1 plan, suggesting portfolio management following the stock's 180% surge over the past year rather than a bearish signal on the business. Delek's vertically integrated energy operations continue to benefit from favorable refining margins.

Delek US shares surged 8.6% today due to rising refining crack spreads and a BofA analyst raising the price target from $28 to $40. The stock has gained 55% in 2026, benefiting from increased oil prices and geopolitical tensions in the Persian Gulf that have disrupted global refining supply. U.S. refiners like Delek, which source domestic crude oil, are well-positioned to capitalize on these supply disruptions.

Delek US Holdings stock surged nearly 5% on Friday following strong Q4 2025 earnings results. The downstream oil company reported a surprise non-GAAP net profit of $143 million ($2.31 per share), a dramatic turnaround from a $161 million loss in Q4 2024. The improvement was driven by the refining segment, which generated $314 million in adjusted EBITDA compared to a $69 million loss year-over-year, attributed to increased refining margins. However, the analyst cautioned that one quarter does not guarantee future performance.

Delek Logistics Partners reported record adjusted EBITDA of $536 million for 2025, driven by strong execution across natural gas, crude, and water businesses, plus acquisitions of H2O and Gravity. The company increased Libbey Complex capacity to 160 million scf per day and approved its 52nd consecutive quarterly distribution increase to $1.125 per unit. Management initiated 2026 EBITDA guidance of $520-560 million and highlighted that 82% of EBITDA now comes from third-party businesses, reducing dependence on sponsor Delek US Holdings.

Delek Logistics Partners (DKL) is a high-yielding MLP that has been increasing its distribution for 46 consecutive quarters. The company has a sustainable cash flow, a strong financial foundation, and is diversifying its operations, making it an attractive option for income investors.

Delek US Holdings CFO Reuven Spiegel sold 750 shares of the company's common stock for a total value of $17,662.50. The transaction was conducted under a pre-arranged 10b5-1 trading plan.

Delek US Holdings' value is tied to its midstream arm, which poses challenges for unlocking shareholder value. See why DK stock is a Hold.

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