21.   Gasoline futures hit the highest level since October after news of dwindling reserves renewed jitters that a supply crunch will produce price spikes again this summer.

22.   Still underpinning prices are fears of regional supply crunches of key reformulated gasoline supplies just ahead of the traditional Memorial Day kickoff to the summer driving season.

23.   The energy ministers of Mexico and Canada said Monday that domestic considerations would come first in the event of a regional energy supply crunch.

24.   Traders also cited talk that the supply crunch is easing.