« Back to story "Gasoline Futures Tumble as Stockpiles Increase, Demand Slides"
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Posted by: STONERS 5 months, 1 week ago
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STONERS5 months, 1 week ago
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"Gasoline inventories increased 2.33 million barrels, or 1.1 percent, during the week ended June 26, the Energy Department reported today, more than the 2 million gain projected in a survey by Bloomberg News. Demand dropped a second consecutive week to the lowest since May 29."
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“This is indicative of higher crude runs and lower demand, and is going to put pressure on refining margins.”
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