Gasoline prices near $3 as RBOB futures hold weekly gain; refiners in focus
Front-month RBOB gasoline futures held near $2.01 a gallon Friday, up 5% for the week as inventories fell and demand rose. AAA reported the U.S. average pump price at $2.92, down slightly but warned of a seasonal increase ahead. Valero and Phillips 66 shares gained; Marathon Petroleum was flat. EIA data showed gasoline inventories dropped by 3.2 million barrels to 255.8 million.