Gasoline Futures Rise After Imports Decline to Six-Year Low
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Gasoline futures rose after a report showed imports fell to 562,000 barrels a day, the fewest since February 2004, and inventories declined to a 13-month low.
The profit margin for turning crude oil into gasoline increased to the highest level since July after the U.S. Energy Department said supplies of the motor fuel sank 2.66 million barrels to 207.7 million, the lowest level since October 2009. Stockpiles of distillate fuels, which include heating oil and diesel, fell 1.1 million barrels to 158.8 million.