The Oil & Gas Refining & Marketing Industry's Valero Energy (VLO) was InvestorGuide.com's Stock of the Day on 7/28/2009.
Valero Posts Loss as Gasoline Profit Margins Fall
Most consumers, when they think about gasoline, simply consider the price being charged at the gas pump. As the price rises, many people probably incorrectly assume that the extra money is just going into the pockets of the refineries. Taking a wider look at the situation, however, we would see that the demand for gasoline is unseasonably low right now, and that refineries might not be doing as well as we'd imagined. As just one example, Valero, the largest oil refining company in the United States, reported its earnings today, and Valero and its investors are probably just as frustrated with the current situation as anyone dealing with rising prices at the pump.Read more

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