Gasoline Slides as Brent Crude Declines, Fuel Inventories Swell

Gasoline slid the most in two months as Brent crude retreated, lowering the cost of imported crude and motor fuel at a time when U.S. inventories are increasing and demand is stagnant.

Futures sank 1.9 percent as Brent dropped following the startup of the expanded Seaway pipeline, which will bring domestic oil to the Gulf Coast, pushing out imports. Gasoline consumption in the U.S. is the lowest in almost a year and inventories are the highest since February 2011, Energy Information Administration data show.