Sunday, June 3, 2007

Gasoline pipeline, Nigeria truce eyed

(Reuters) - U.S. Colonial Pipeline Co. said on Sunday that it had restarted a gasoline line from Atlanta to North Carolina that had shut last Tuesday due to a leak. Delays to resuming operations on the line had spurred buying on Friday.




Despite steadily rising U.S. gasoline stocks, traders are on alert for signs that refiners may struggle to meet peak summer driving demand in the world's largest oil consumer. Inventories are still more than 12 million barrels below their seasonal norm.


Read more at Reuters.com Business News

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