Oil Prices Fall As Gasoline Stocks Continue To Build: Average Pump Price Now $3.08

Oil prices fell on Wednesday after U.S. inventory data showed gasoline and distillate stocks grew strongly for a second week, while crude stocks also rose.

In early afternoon trade, Nymex WTI, which had been more than 1% higher earlier, fell back to $72.30 a barrel to leave it flat on the day. Brent crude, which had also been around 1% higher, fell back to $77.53 a barrel, leaving it down by 0.1%.