Two, our retail performance was challenged this quarter by rapidly rising wholesale gasoline prices. During the quarter, we experienced an unprecedented runup in spot gasoline costs of $0.67 per gallon. This is the highest increase we have seen during the first quarter period.As we have said before, this business does see quarter-to-quarter volatility, but as our trend shows, the business tends to deliver consistent and stable earnings and cash flow year after year. And in April, we benefited from a slightly improved margin environment, as wholesale gasoline prices retreated.
Sunoco's CEO Discusses Q1 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.