Gulf Coast Gasoline Gains as Refinery Work May Reduce Supply
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U.S. Gulf Coast gasoline climbed to a one-month high on the spot market as maintenance and upsets at area refineries threatened to reduce fuel production.
Conventional, 85-octane gasoline blendstock, or CBOB, on the Gulf strengthened 0.5 cent to 12.25 cents a gallon below futures on the New York Mercantile Exchange at 4:03 p.m., the narrowest gap since Aug. 29. Conventional, 87-octane grade added 0.75 cent to 11.25 cents a gallon below futures.