Friday, May 25, 2007

Nymex Gasoline Price Increases on Speculation Summer Inventory to Be Low

(Bloomberg) -- Gasoline futures gained for a third
day in New York as refinery disruptions raised speculation that
supplies will stay low during the peak-demand summer season.

Valero Energy Corp. said yesterday it shut a fluid
catalytic cracking unit for maintenance at its McKee refinery
near Sunray, Texas. ConocoPhillips said its Belle Chasse,
Louisiana, refinery was shut after a power failure. A government
report this week showed that U.S. gasoline supplies were 7
percent below the five-year average.


Read more at Bloomberg Energy News

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