Gasoline Gains on Speculation Outages Will Reduce Fuel Supply
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Gasoline rose on speculation that unplanned refinery shutdowns and slowdowns will reduce supply as the nation nears the Sept. 2 Labor Day holiday.
Futures climbed 0.9 percent. Motiva Enterprises LLC was forced to shut or slow crude units and other equipment at the 255,000-barrel-a-day Convent, Louisiana, plant and the 600,000-barrel-a-day Port Arthur, Texas, site, which is the largest in the U.S. Inventories fell 4.03 million barrels last week, according to the Energy Information Administration.