Amid soaring gasoline prices in the second quarter, the eight biggest independent U.S. refiners are set to report later this month a huge 652% sequential jump in their average earnings per share (EPS), according to estimates from investment bank Tudor Pickering Holt & Co cited by The Wall Street Journal. All refiners and all integrated oil and gas companies are set for a windfall of profits for the second quarter as U.S. gasoline prices soared to the highest ever on record of over $5 per gallon in early June. The biggest refiners are…
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