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
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