Gasoline Declines on Europe Debt Crisis and U.S. Budget Talks
This article is for subscribers only.
Gasoline slid, reversing an earlier gain, on concern the European debt crisis will linger and U.S. lawmakers won’t reach consensus on how to avoid a looming so-called fiscal cliff, curbing growth and fuel demand.
Futures declined 0.9 percent as Euro-area finance ministers met today in Brussels to discuss aid to Greece, which may need further assistance from creditor nations. U.S. President Barack Obama plans to begin budget talks with Congressional leaders next week.