Crude oil broke above $64 a barrel in New York trading amid renewed concern that U.S. gasoline supplies will not be able to meet the demand of the summer driving season.

Wednesday's EIA report showed gasoline inventories last week were 7.5 percent below their five-year average for the period.

Crude oil for June delivery rose $1.50, or 2.4 percent, to $64.05 a barrel at 1:10 p.m. on the New York Mercantile Exchange. Futures touched $64.20, the highest since May 2. Prices are 6.5 percent lower than a year ago.