Our retail business also delivered strong results, as margins expanded related to declining wholesale gasoline prices during the quarter. As we have said before, this business does see quarter-to-quarter volatility, as evidenced in the first half of 2012 performance. But as our trend shows, the business tends to deliver consistent and stable earnings and cash flows year after year.Lastly, Refining and Supply delivered strong results this quarter. I want to commend our refinery employees for achieving excellent operating results and capitalizing on strong market conditions during what was a time of considerable uncertainty for everyone at the Philadelphia refinery. As long we are the operator, we continue to work hard to realize the potential market opportunities through a continued strong operations and sharp focus on optimization of the product supply.
Sunoco Management Discusses Q2 2012 Results - Earnings Call Transcript
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