American Drivers to Pay More at the Pump After Refinery Outage
- Baton Rouge unit shutdown threatens summer gasoline supplies
- US fuel stockpiles drop to lowest seasonal level since 2015
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American drivers could soon end up paying more at the pump after Exxon Mobil Corp. shut a gasoline unit at one of the largest US refineries for unexpected repairs.
Gasoline futures prices jumped as much as 5.2% to about $3 a gallon, the highest since October, on news that a supply disruption at Exxon’s Baton Rouge, Louisiana, refinery could last for much of the rest of the summer driving season.