(Bloomberg) -- Crude oil fell to a six-week low and gasoline plunged on speculation that U.S. refiners will increase output of the motor fuel before the peak-demand driving season.
Refineries operated at 90.2 percent of capacity last week, up 0.9 percentage point from the week before, according to a Bloomberg News survey. Analysts were split over whether gasoline supplies rose or fell. Stores of the fuel fell in the 12 weeks ended April 27, the Energy Department said. The driving season begins with the Memorial Day holiday at the end of this month.
Read more at Bloomberg Energy News
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