MARKET WATCH, May 31: Unleaded gasoline futures hit near-record high on NYMEX

Gasoline futures soared to a near-record high of $1.0652/gal on the New York Mercantile Exchange Tuesday, up 6.28�/gal amid fears of possible shortages at the start of the peak US driving season. The July contract for light, sweet NYMEX crude climbed 35� to $30.35/bbl Tuesday, while the August contract was up 34� to $29.41/bbl.

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