U.S. East Coast refiners are sending gasoline barrels to western Pennsylvania instead of the New York Harbor market, compounding an unusual tightness in an area that helps set prices for the nation. The diversion comes as gasoline imports from Europe to the U.S. and Gulf Coast shipments abroad are weakening deliveries to New York Harbor, three market sources said. Meanwhile, prices in the Chicago area have soared to a five-year high seasonally amid heavy refinery maintenance and a pipeline outage. The dwindling flows to New York suggest a further decline in inventories in the region through November, setting up a potential bullish run for the fuel. New York is supplied largely by U.S. Gulf Coast refineries via the Colonial Pipeline, along with local refineries and transatlantic imports. New […]

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