Gasoline Futures Slide as U.S. Economic Data Indicates Weakness
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Gasoline fell, erasing an earlier gain, as data on home sales, leading indicators and U.S. manufacturing indicated economic weakness.
Futures dropped, after climbing as much as 1.7 percent, as the index of U.S. leading indicators slipped in April after nine months of increases. Manufacturing in the Philadelphia area grew in May at the slowest pace in seven months. April existing home sales declined. Pump prices decreased a sixth straight day.