Oil-Earnings Preview

July 19, 2012 - 2:37 PM
In this Monday, July 2, 2012, photo, a fuel delivery truck leaves Arkansas Terminaling and Trading storage facility after taking on a load for gasoline and diesel fuel in North Little Rock, Ark. For oil and gas companies, the math was simple in the second quarter: lower prices equal lower profits.With gasoline prices averaging more than $3.40 per gallon nationwide, and oil around $90 a barrel, it may be hard to believe oil companies are under duress. Most will report profits measured in the billions of dollars for the quarter.(AP Photo/Danny Johnston)