US refiners cut back on premium gasoline output

Newswire

By Edgar Ang NEW YORK, June 23 (Reuters) - Some oil refiners in the United States are cutting back on the production of premium gasoline amid high blendstocks prices and weak retail demand, traders and refiners said on Friday. Octane booster prices for gasoline such as ethanol have skyrocketed in the past few months as the U.S. market switched to ethanol from MTBE, a suspected carcinogen banned in several states, at the beginning of summer, and this, in turn, caused the ethanol demand to ...

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