The U.S. Energy Department weekly report showed a decline in U.S. gasoline stocks, raising worries that refiners don''t have an adequate inventory cushion before the peak summer driving season. The decline, the seventh in a row, pushed gasoline stocks to 4.6 % below year-ago levels, their lowest level since November. Gasoline inventories typically decline at this time of year as refiners shut down their plants to perform maintenance before the summer driving season.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.
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