US Spot Natural Gasoline Hits Near 4Mo Highs 

HOUSTON, TX, (DTN) –- U.S. spot natural gasoline prices finished at near four-month highs at the major supply hubs Wednesday, supported by a rally on New York Mercantile Exchange West Texas Intermediate crude oil futures.

LST and Enterprise spot natural gasoline prices were assessed 12.50cts up from the previous trading session at $2.25 gallon, while Conway spot natural gasoline finished at $2.30 gallon, up 12 cents on the day.

On Wednesday, the front-month NYMEX WTI crude futures rallied $8.06 bbl, or 7%, to $108.30 bbl, on reports that U.S. President Donald Trump was considering authorizing fresh strikes on Iran if it refused to make concessions to end the conflict.