Gas Futures Surge on Refinery Concerns
Investing News Network - May 9th, 2011
CNBC reports that on Monday, gasoline futures surged over 6%.
CNBC reports that on Monday, gasoline futures surged over 6%.
The market news is quoted as saying:
Lipow estimates those refineries process about 900,000 barrels of gasoline a day, or about 10% of gasoline demand in the U.S. Also, near Baton Rouge is a key pump station for the Colonial Pipeline, the largest US pipeline carrying gasoline from Texas to New York.