Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

New York Gasoline Gains as Supplies Fall to 16-Month Low

Aug. 15 (Bloomberg) -- New York gasoline strengthened after a government report showed inventories of the fuel fell to the lowest level in more than a year.

Total gasoline stockpiles on the East Coast dropped 1.78 million barrels to 49.9 million last week, Energy Department data show. It’s the lowest level since April 2011.

The discount for conventional, 87-octane gasoline in New York Harbor narrowed 0.5 cent to 2.75 cents a gallon versus futures traded on the New York Mercantile Exchange at 12:26 p.m., according to data compiled by Bloomberg.

Inventories of reformulated gasoline, or RBOB on the East Coast declined 273,000 barrels to 15.3 million, government data show. The premium versus futures for RBOB at the hub gained 0.12 cent to 8.75 cents a gallon.

RBOB in the Gulf Coast dropped 0.75 cent from a premium versus futures to a discount of 0.25 cent a gallon, the lowest level since July 25.

To contact the reporter on this story: Paul Burkhardt in New York at pburkhardt@bloomberg.net.

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.