April 26, 2011

Shortages in East, Midwest raise new red flags on rising gas prices

There is no rest for the weary when it comes to gasoline prices. First, overheated speculation in crude oil markets drove up gas prices in the winter, a time of typically declining prices. Then, unrest in the Middle East sent prices higher still this spring. On Monday, a new red flag went up: declining stocks of motor gasoline and gasoline blending components in the Midwest and East.

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