Friday, June 1, 2007

Oil, Gasoline Climb on Concern U.S. Fuel Demand to Outpace Production Gain

(Bloomberg) -- Crude oil and gasoline rose on
concern that U.S. refiners aren't increasing motor-fuel
production enough to replenish stockpiles.

U.S. gasoline supplies in the week ended May 25 were 6.7
percent lower than the five-year average for the period, the
Energy Department said yesterday. Refineries operated at 91.1
percent of capacity last week, unchanged from the week before.
U.S. gasoline consumption peaks during the summer driving season.


Read more at Bloomberg Commodities News

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