New York gasoline strengthened for a third consecutive day as blending components used to make the fuel were at the lowest seasonal level in at least eight years.
Inventories of gasoline blending components other than reformulated and conventional blendstock, or RBOB and CBOB, fell to the lowest level for this time of year since at least 2008, Energy Department data showed Aug. 1.
The premium for conventional, 87-octane gasoline in New York Harbor increased 0.75 cent to 1.25 cents a gallon versus futures trading on the New York Mercantile Exchange at 11:44 a.m., according to data compiled by Bloomberg. That’s the strongest level in seven weeks. Prompt delivery rose 8.27 cents to $2.9573 a gallon.
The same fuel in the Gulf Coast weakened 0.75 cent to a discount of 4.25 a gallon.
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