State-owned oil giant Petrobras also weighed down market averages, shedding 1.5 percent to 75.00 after announcing it will acquire fuel distributor Agip from Italian oil giant Eni SpA.
22.
Brazil's biggest food processor, Sadia Corcodia SA, led gainers, adding 4 centavos to 79, following by fuel distributor Companhia Brasileira de Petroleo Ipiranga, up 30 centavos to 10.2 reais.
23.
Among individual stocks in Brazil, oil company Petrobras announced late in the day that it paid US $ 450 million to acquire control of fuel distributor Agip do Brasil.
24.
"You have to pay up because it's cold and stocks are low, " said Charles Cormay, trading manager at Global Petroleum Corp ., a wholesale fuel distributor in Waltham, Massachusetts.
25.
Brazil's biggest food processor, Sadia Corcodia SA, led gainers, adding 4 centavos to 79, following by fuel distributor Companhia Brasileira de Petroleo Ipiranga, up 30 centavos to 10 . 2 reais.
26.
Tank owners who don't upgrade by the end of the year face fines of up to $ 11, 000 a day per violation, and fuel distributors are prohibited from filling their tanks.
27.
State-owned oil giant Petrobras also weighed down market averages, shedding 1 . 5 percent to 75 . 00 after announcing it will acquire fuel distributor Agip from Italian oil giant Eni SpA.
28.
"We've got no safety net for when problems occur, " said John Bradberry, vice president of refined product inventory and risk management at Continental Ozark Inc ., a fuel distributor in Fayetteville, Arkansas.
29.
Fuel is pumped from the tank to a large control valve called a " fuel distributor ", which divides the single fuel supply line from the tank into smaller lines, one for each injector.
30.
"The balance of the so-called driving season should be pretty good because the demand should be there, " said Richard Watov, vice president at American Agip Co . in New York, a fuels distributor.
