Gasoline Declines as Refiners Near End of Maintenance
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Gasoline futures retreated from a two-week high in New York as U.S. refineries completed maintenance, signaling an increase in production of motor fuel.
Futures slipped 0.3 percent. Motiva Enterprises LLC returned its Norco, Louisiana, refinery to normal operations following planned work, while Exxon Mobil Corp.’s Chalmette site, also in Louisiana, was expected to complete work. The June contract’s premium over July narrowed.