Financial Times FT.com

Data do little to assuage fears of fuel shortages

By Chris Flood

Published: September 29 2005 03:00 | Last updated: September 29 2005 03:00

US drivers face paying higher gasoline prices for longer with traders continuing to worry about the lack of US refinery capacity following the Hurricanes Rita and Katrina.

The Nymex October gasoline price jumped by 3.6 per cent to $2.250 a gallon as oil product prices moved higher yesterday after the latest weekly US inventory data provided little comfort to those concerned about the possibility of serious shortages of gasoline and heating oil developing.

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