(Reuters) - NEW YORK, July 31 - Leading refiner Valero Energy
Corp. posted record quarterly earnings on Tuesday,
topping Wall Street forecasts, on soaring refining margins
fueled by high gasoline prices.
Those margins, which rose by 45 percent for Valero on the
Gulf Coast, have benefited all refiners in the past several
months as steady growth in demand, coupled with
higher-than-normal refinery maintenance, led to higher gasoline
prices and unprecedented profitability for the industry.
Read more at Reuters.com Market News
Corp. posted record quarterly earnings on Tuesday,
topping Wall Street forecasts, on soaring refining margins
fueled by high gasoline prices.
Those margins, which rose by 45 percent for Valero on the
Gulf Coast, have benefited all refiners in the past several
months as steady growth in demand, coupled with
higher-than-normal refinery maintenance, led to higher gasoline
prices and unprecedented profitability for the industry.
Read more at Reuters.com Market News
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