The expansion in stockpiles of U.S. gasoline as refineries returned from maintenance and imports accelerated spurred speculators to cut wagers on rising prices by the most in more than three months.
Gasoline futures fell as seasonal maintenance neared an end and refineries produced more of the motor fuel to meet summer demand.
The average price for regular gasoline at U.S. pumps fell 3.49 cents in the past two weeks to $3.6876 a gallon, according to Lundberg Survey Inc.
Gasoline futures rose to a one-week high amid speculation that demand will increase leading into the U.S. Memorial Day holiday.
Gasoline futures climbed to a two- week high as the Energy Information Administration reported that supplies of the motor fuel fell last week and demand grew.
Gasoline futures traded near an eight-month high after a report that inventories fell last week.
Gasoline futures advanced from a one- month low amid speculation that U.S. demand for the motor fuel will rise.
Gasoline futures fell from a two-week high on speculation that ample crude supplies and healthy margins will entice refiners to increase production.
Gasoline futures gained, following Brent crude higher, as separatist elections in Ukraine reignited concern that energy supplies from Russia would be disrupted.