Gulf Coast Gasoline Gains as Mississippi Barge Traffic Slows
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Gulf Coast and Midwest spot gasoline gained as a slowdown in barge traffic because of high water levels on the Mississippi and Ohio Rivers threatened to disrupt oil and petroleum-product shipments.
Operations may also be disrupted at refineries owned by Valero Energy Corp. and Exxon Mobil Corp. that are located on the Mississippi. Heavy rain has swelled river levels to their highest ever along parts of the Ohio and Mississippi, according to government data.