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Gasoline Cracks Further Fall on Day

OIL PRODUCTS

US Gasoline Cracks are furthering their decline on the day to their lowest level since May 16, after the Biden administration announced it was liquidating a cache of 1m bbl of gasoline.

  • US gasoline crack down 0.9$/bbl at 26.21$/bbl
  • RBOB JUN 24 down 1.6% at 2.5$/gal
  • Gasoline cracks had already been under pressure amid weaker seasonal demand, returning refineries from maintenance, and the temporary suspension of Russia’s gasoline export ban.
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US Gasoline Cracks are furthering their decline on the day to their lowest level since May 16, after the Biden administration announced it was liquidating a cache of 1m bbl of gasoline.

  • US gasoline crack down 0.9$/bbl at 26.21$/bbl
  • RBOB JUN 24 down 1.6% at 2.5$/gal
  • Gasoline cracks had already been under pressure amid weaker seasonal demand, returning refineries from maintenance, and the temporary suspension of Russia’s gasoline export ban.