Monday, July 2, 2007

N.Y. Gasoline Futures Decline on Speculation U.S. Inventories to Increase

(Bloomberg) -- Gasoline futures were little changed
amid estimates a weekly Energy Department report will show a
rise in U.S. inventories as refinery production increased.

Supplies probably grew 500,000 barrels last week, according
the median of nine estimates in a Bloomberg News survey of
analysts. Refineries operated at 90.3 percent of nationwide
capacity, up 0.9 percentage point from the previous week, the
survey predicted. The Energy Department will release its report
on Thursday, July 5.


Read more at Bloomberg Energy News

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