Gasoline Futures Cap Best Quarter in a Year as Supplies Decline
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Gasoline had its biggest quarterly gain in a year on speculation that refinery closures and seasonal repairs will trim supply of summer-grade fuel in the eastern U.S. at a time when demand typically rises.
Futures slipped today as traders settled positions in the April contract, which expired at the end of floor trading. Gasoline has increased 26 percent this year, the most of any contract in the Standard & Poor’s GSCI index of 24 commodities.