Gasoline Reverses Gains on Speculation East Coast Demand Falls

Nov. 1 (Bloomberg) -- Gasoline was little changed, reversing earlier gains, on speculation flooding and power outages after Hurricane Sandy struck the East Coast will reduce demand because people are unable to drive or unable to find service stations with adequate fuel.

Futures were down 0.17 cent to $2.6286 a gallon at 1:25 p.m. on the New York Mercantile Exchange, after earlier touching $2.6726.

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