Gas Futures Surge on Refinery Concerns

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.

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