Gasoline Futures Slip on Speculation U.S. Supplies Rising
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Gasoline fell a third straight day on speculation that supplies are rising as refineries finish repairs and that demand will slip after the Christmas holidays.
Stockpiles gained a sixth consecutive time last week, adding 1.5 million barrels, according to the median estimate of 14 analysts in a survey by Bloomberg News. Hovensa LLC has restarted a 150,000-barrel-a-day fluid catalytic cracker at its St. Croix refinery, which serves the U.S. East Coast.