Refining Margins for Valero (VLO) and Tesoro (TSO) Looking Better for Q1

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Real-time Monetary Inflation (last 12 months): 5.0%

Consumers have little sympathy for oil companies. A lot of the ill will stems from the sheer size of their earnings figures. In a word, huge. Peel back a layer or two of an earnings release, however, and you find a smaller, more telling number-the refining margin.

Tickers: SCO TSO UHN VLO

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