Bloomberg News

Gulf Coast Gasoline Rises to One-Month High on Holiday Demand

December 15, 2011

Dec. 15 (Bloomberg) -- Gasoline in the Gulf Coast rose to the highest level in more than a month on speculation of greater demand for the motor fuel during the holiday season.

“Holiday demand is always a bit higher and maybe in anticipation of some January maintenance” prices for gasoline have increased, Andy Lipow, president of Lipow Oil Associates LLC in Houston, said in a telephone interview.

The discount for conventional, 87-octane gasoline in the Gulf Coast narrowed 1.38 cents to 4.25 cents versus futures traded on the New York Mercantile Exchange at 4:01 p.m., according to data compiled by Bloomberg. It is the highest level since Nov. 9. Prompt delivery slipped 0.23 cent to $2.4452 a gallon.

--Editors: Charlotte Porter, Margot Habiby

To contact the reporter on this story: Paul Burkhardt in New York at pburkhardt@bloomberg.net.

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net.


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