1. Gasoline Might be a Problem for US East Coast• As US gasoline stocks have fallen to their lowest for this time of the year since 2012, at 222 million barrels, the specter of a gasoline shortage is haunting the most vulnerable states. • European gasoline imports into PADD 1 have been greatly curtailed by the ongoing French strikes which debilitated most refineries in the country, with flows dropping to their lowest since April 2020.
• Freight costs are also limiting gasoline arbitrage into US East Coast, with a transatlantic fixture…Gasoline Prices Could Surge On The East Coast
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