Gasoline Falls as Fuel Demand Declines, U.S. Dollar Strengthens
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Gasoline slipped from a 10-month high after a government report showed that demand for the fuel sank from a year earlier and a stronger dollar reduced the investment appeal of commodities.
Futures fell after the Energy Department said that gasoline demand over the four weeks ended March 9 was 8.42 million barrels a day, 7.2 percent below a year earlier. The dollar widened gains over the euro and the Standard & Poor’s 500 Index retreated from a four-year high.