Valero says U.S. gasoline prices bad, profits good

Newswire

By Jeff Franks SAN ANTONIO, Texas, April 27 (Reuters) - Valero Energy Corp. dislikes high gasoline prices as much as anyone else, but expects to make record profits this year, chief executive Bill Klesse said on Thursday. He said the nation's largest refiner and its industry colleagues were not to blame for gasoline prices that have risen to $3 a gallon, and blamed them instead on Washington regulations and high crude oil prices. Klesse, speaking at the company's annual shareholder ...

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