Gasoline Advances as Shutdowns May Crimp New York Harbor Supply

Gasoline increased on speculation that refinery shutdowns in Canada and Philadelphia may crimp New York Harbor supply.

Futures rose 0.4 percent as Philadelphia Energy Solutions’ refinery idled an alkylation unit, which may result in lower fluid catalytic cracker rates. Korea National Oil Corp.’s Come by Chance refinery in Newfoundland shut units for repair. Irving Oil Corp., an exporter to the U.S. Northeast, shut down several units, the company said in a letter to neighbors.