US high gasoline stocks to aid MTBE phaseout -EIA

Newswire

WASHINGTON, March 27 (Reuters) - High U.S. gasoline inventories will help cushion the impact of oil refineries switching from using the fuel additive MTBE to ethanol when making gasoline, but supply disruptions are still possible this summer, the head of the Energy Information Administration said on Monday. Pump prices have soared in the last month amid uncertainty over gasoline supplies later this summer. Oil refineries, fearful of lawsuits, are phasing out use of the water-polluting fuel ...

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