N.Y. Gasoline Futures Increase as U.S. Taps Imports to Fill Low Supplies

(Bloomberg) -- Gasoline futures rose as companies
increased reliance on imports to bolster supplies at the start of
the summer driving season.

U.S. gasoline stockpiles rose 1.36 million barrels last week
to 198 million barrels, the U.S. Energy Department reported
yesterday. Refinery usage was unchanged at 91.1 percent of total
U.S. capacity. Imports rose 315,000 barrels to 1.61 million
barrels a day. Gasoline supplies last week were 6.7 percent below
the five-year average.


Read more at Bloomberg Energy News