New York Gasoline Gains as Petroplus May Shut French Refinery
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New York gasoline strengthened to its highest level in three weeks as Petroplus Holdings AG said it may begin shutting a refinery in France amid a credit freeze restricting crude supply for the plant.
The 161,800-barrel-a-day Petit Couronne refinery may be forced to stop operations on Jan. 2 along with other plants in Europe, Laurent Patinier, a CFDT union representative, said today by phone. Lower gasoline production could restrict fuel imports to the U.S. East Coast.