US oil refiner stocks are skyrocketing: The S&P 500 Oil & Gas Refining & Marketing Index is up +136% YTD, set for its best annual performance on record. This is more than double the +65% gain seen during the 2022 energy crisis. By comparison, the next best years for the sector since 1996 were +80% in 2012 and +77% in 2005 Marathon Petroleum, MPC, Valero Energy, VLO, and Phillips 66, PSX, are leading YTD gains, at +174%, +142%, and +117%, respectively. Furthermore, the oil refiners ETF, CRAK, is up +65% over the same period, putting it on track for its strongest annual performance since its launch in August 2015. US oil refiners are experiencing a historic year.