Gasoline Futures Decline as Maintenance Ends; Spreads Weaken
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Gasoline slid the most in two weeks as seasonal refinery turnarounds wind down. The fuel’s premium to crude oil weakened.
May gasoline’s premium to June narrowed amid speculation that supplies will rise as spring maintenance ends. The May gasoline crack spreads versus West Texas Intermediate and Brent narrowed the most since Feb. 27. Philadelphia Energy Solutions restarted units late last week at the largest refinery along the U.S. East Coast.