Showing posts with label Hurricane Irene. Show all posts
Showing posts with label Hurricane Irene. Show all posts

Wednesday, August 31, 2011

Gasoline Advances as Inventories Fall to Lowest Level Since May

Aug. 31 (Bloomberg) -- Gasoline futures advanced after the Energy Department reported inventories of the motor fuel fell to the lowest level since May as drivers filled their tanks before Hurricane Irene.

Futures rose as much as 1.3 percent as gasoline stockpiles fell 2.8 million barrels to 208.6 million last week. Imports to the U.S. East Coast declined 28 percent to 591,000 barrels a day, during the week ended Aug. 26 as Hurricane Irene approached the region, department data showed.