that should help valero. so i want long exposure.heard that they've been sideways since the end of 2008. there's a great options strategy to do exactly what we want. that's a risk reversal. again in valero, i like buying the june 27 call for $1.10, financing it by selling the june 22 put for $1.10. i'm out no net money on this. but i have long exposure, long valero. if it's above $27 or below $22. but i like this because there's this huge margin of earning. if valero's not out of that range by june, then it's no harm, no foul. >> catch more "options action" on fridays on cnbc. next on "fast," the tratders answer your tweets. we'll also get the latest from the coinstar conference call. people with a machine. what ? customers didn't like it. so why do banks do it ? hello ? hello ?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello ? ally bank. no nonsense. just people sense. laces? really? slip-on's the way to go. more people do that, security would be like -- there's no charge for the bag. thanks. i know

really the only ones out there would be valero.nd i don't know that valero would be an interested acquirer right now. then you've got marathon at 23. holly frontier, i would take them off the table. again, i don't know if they have enough as well. >> mike khouw, just quickly in terms of the options activity, any indication people actually believe carl icahn? >> well, you know, this name isn't with a 2.3% value. thils is one of those names in the options activity is not that high. we have seen only bullish activity in the past. there were situations people look at thils name and are sating even though we don't think can keep up. and i think maybe the one way these other refiners might take a look is they can look at a stock deal potentially. that's a natural hedge over exposure in the business. i think this has capability. >> got to take a break here. next on "fast" we'll hit the after-hours action in zynga. plus a tech name we often talk about. that's coming up next. more "fast money" straight ahead. laces? really? slip-on's the wa

i live in valero, california, and i like long walks on the beach. when i started freshman year at leadership, i didn't always like it because it was like a stereotypical high school -- no huge football team, no jocks, nerds, all that stuff. there's no huge campus and in my opinion, there's not enough girls but that's not that important so i transferred after freshman year, actually. and i transferred to lincoln high school where i was there from the beginning of sophomore year to the -- just to the end of the first semester and after the first semester during winter break, i got a call, because i live in valirro, california, i signed under a permit that says i can go to school in san francisco and only one day before winter break, i got a call saying i can't go to lincoln anymore so i was really upset and for the most part, i was genuinely upset because i feel like if a student makes an effort to wake up every morning, do the homework and pass classes, they should be allowed to go to whatever school they want to so i had one day to choose where i wa

. >> reporter: in hayward at a valero we found regular unleaded gas a little under $4 but the average price in other parts of the bay area has already hit the mark. in san francisco, it's 4.08. oakland and san jose, 4.03. at a union 76 two blocks away cheapest gas was nearly five bucks. >> i was complaining. i said go back. we need to find a cheaper one. he said i'm in a hurry. >> we tried several times to contact the station's manager for an explanation. we left him a voicemail message. good morning, mr. sang, my name is gil diaz. >> reporter: aaa says a couple of international headlining news may be responsible for the price hike. today greece secured a second bailout considered good economic news. last we are iran cut off gas supplies to some european countries facting supply and demand. another reason is that the economy is improving that more people have more money in their pockets. aaa calls this the double-edged sword. but scott, a traveling salesman, believes gas prices are prizing at a rate higher than what people are making. >> i have added 20% more to my cost of doing busin

for example, valero states they plan to refine the canadian crude at the same facility it is building in part arthur. doing so leverages the export logistics and says that growing global diesel demand is an export opportunity for u.s. refineries. motiva, a joint refining venture between shell and the saudi arabian oil company is another one of transcanada's port arthur texas customers. the rest of transcanada's customers include a french company, two canadian companies, and a multinational venture based in the netherlands. and it is not just a regular money making export opportunity that many of these companies are seeking. port arthur, texas, is a foreign trade zone. so when these refineries reexport the diesel and other fuels, they are maging using keystone oil they won't even have to pay united states taxes. hear that again. they will not have to pay united states taxes. left anyone think that trans america -- transcanada, rather, isn't in the reexport business. in december when i asked the president of transcanada whether he would agree to insure that the oil and refined fuels sta

refineries where the keystone crude will be sent plan to re-export the refined fuels, for example, valero states in an investor presentation that it plans to refine the canadian crude at the same facility it is building in port arthur because it leverages its "export logistics." and says that growing global diesel demand is an export opportunity for u.s. refineries. motiva, between shell and the saudi arabian oil company, is another one of transcanada's port arthur, texas, customers. the other customers are a french company, two canadian companies and a multinational venture base in the netherlands. and it is just a regular moneymaker exporting opportunity that many are seeking. port arthur, texas, is a foreign trade zone. so when these refineries re-export the diesel and other fuels they are making using keystone oil, they won't even have to pay united states taxes. hear that again, they will not have to pay united states taxes. lest anyone think that transamerica, trancanada rather, isn't in the re-export business in december, when i asked the president of transcanada whether he would a

witnesses say that the boy's mom arranged to surrender him to officers at a valero gas station near minetaonal airport. earlier they scoured the area near bascomb avenue. they search for hours using helicopters, k-9s and thermal cameras. the teen was wanted in connection with at least one previous robbery. >>> rick santorum take be the lead in the gop race. but the fight far from over. the candidate bringing in some big bucks. coming up. >>> and could this be the meat of the future? it does not come from an animal. how scientists are creating the first test tube burger. >> yum. [ laughter ] >> ew. yuck. the best approach to food is to keep it whole for better nutrition. that's what they do with great grains cereal. they steam and bake the actual whole grain while the other guy's flake is more processed. mmm. great grains. the whole whole grain cereal. jim wilson? here is the chase freedom 5% cash back you get on amazon.com purchases. wow! and your kindle fire. thank you. do you have any bubble wrap? activate your 5% cash back at chase.com/freedom with the dow close to a major milestone. it

i think you could invest in refiners across the whole space right now with the exception of valero, ahic thing, mpc, hfc, all of them on the back of even this but margins are incredible for them, as if they are printing money again. we have seen this cycle happen over and over again but as to mike's point, i think another couple of months to play out to the upside. >> yeah, i mean, i look at somebody like tesoro, how think has ral very inefficient business but you look at their ebidta, this thing three times ebidta. again, what was once a big issue is not i think even as bad as it had been and evaluation basis, attractive business there. >> did you see today the big spike in shares of ticker cvr? >> chicago river. can you imagine making traced on the wrong stock and finding out later on that you entered the wrong ticker? >> sophisticated. >> embarrassing right. >> ridiculous. >> if they made money on t. >> i mean, look at that. >> imagine accidentally buying it, figuring it out. there you go. >> weren't watching the show, if they had, they would know what the ticker was. >> check your

on the 14th day of february, i filled up my car at the valero station on 300 south do you think in denver paid $2.99.9 cents a gallon. in 2008, and i made a bet with my husband then, he was unaware of how oil companies operate, and i said they will raise the price of gas because bush and cheney were in, both oil men, it will be $5 all through the summer and then past labor day and then it will go way down because of the election. so i won the bet because the average price, i have right here in front of me, the u.s. energy administration's annual energy review, and i watched it through the 30 years my first husband's been dead. host: ina, thank you for your points. we'll get a response from nolan finley about the impact of the gas prices on the general alex. guest: this is an area where barack obama is particularly vulnerable and you can attach policies to consequences. i think he got a free pass last week as he typically gets a free class from the pundit class when he says i didn't want gas prices to go up this rapidly which suggests ultimately he sees one of the answers to america's ener

and valero, one of those refineries, says in its investor presentation that it plans to refine the canadian crude at the same facility it is building in port arthur texas, an export zone because doing so leverages its export logistics. our amendment will say this oil coming through this pipeline from canada stays here in the united states and doesn't head off to china. that's what the amendment's all about. i reserve the balance of my time. the chair: the gentleman reserves the balance of his time. for what purpose does the gentleman from nebraska rise? >> to claim the time in opposition to the amendment. the chair: the gentleman from nebraska is recognized for five minutes. mr. terry: i yield myself such time as i may consume. the chair: the gentleman is recognized for as much time as he wishes to consume. mr. terry: thank you. this is one of those myths that we must try to dispel, i guess if you say it enough times some people will start believing it. but the reality is why would you build a pipeline 1,700 miles, branching off to several refineries along the way to our main refineries in

for instance, valero states that plans to refine the canadian crude at the same facility is building in port arthur because doing so beverages its "-- leverage is its "export logistics'," and says that growing diesel demand isn't export opportunities for u.s. refineries. a joint refining venture between shell and the saudi arabian oil co. is another of transcanada's port arthur, texas, customers. the rest of their customers include a french company, tw canadian companies, and a multinational venture based in the netherlands. is not just a regular money making opportunity depending on what they're seeking. port arthur, texas, is a foreign trade zone. when these refineries re-export the diesel and other fuels, they're making using keystone oil, that will not even have to pay united states taxes. hear that again -- they will not have to pay united states taxes. lest anyone think that transamerica -- transcanada, rather, is in the re-export business, in december when i asked president of transcanada whether he would agree to ensure that oil and refined that you'll stay here in this count