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Gasoline tumbles to near lowest since 2011

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NEW YORK -- Benchmark New York gasoline futures tumbled on Wednesday to near their lowest since 2011, offering the prospect of $3 a gallon gasoline to U.S. motorists as refiners churn out a growing surplus of the fuel.

U.S. oil prices have tumbled in recent days as seasonal autumn maintenance at refineries curbs demand for crude, stockpiles of which are now rising quickly.

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