New York Gasoline Gains as Europe Prices Rise to Seven-Week High
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New York gasoline strengthened to the largest premium since November after the fuel rose in Europe to a seven-week high as Petroplus Holdings AG shut refineries.
Petroplus said Dec. 30 it will start “temporary economic shutdowns” at its Antwerp plant in Belgium, Petit Couronne refinery in France and Cressier facility in Switzerland in January. The sites can process more than 337,000 barrels of crude a day.