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Market Update: Gasoline Hovers at 3-Year High
Gasoline futures have been trading around a 3-year high above $2.1 per gallon, as travel demand surges after a year of restricted movement during the pandemic. Meantime, data from EIA Petroleum Status Report showed US gasoline stocks rose by 1.954 million barrels in the June 11th week, a third consecutive period of increase and compared with market expectations of a 0.614 million drop. [/s2If]
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