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US gasoline futures (RBOB) have traded below ULSD diesel futures in April and May, the first time since 2013 for that period. Gasoline inventories have stayed above five-year averages through 2018, weighing on the gasoline crack spread.
Elevated US gasoline stocks and a weak gasoline crack reduce refinery margins and signal ample fuel supply, a mildly bearish signal for energy input costs.
mansfield.energyAlan ApthorpJun 6, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
