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Reuters reports that US gasoline consumption has leveled off, with the EIA forecasting only 40,000 bpd of growth in 2018. Traffic growth has slowed since its 2016 peak.
Refiners are shifting output toward diesel and emerging-market exports.
Flat domestic gasoline demand pushes refiners to export more diesel and gasoline, which supports diesel export flows and prices. Slower US consumption growth also limits upside for fuel prices.
hydrocarbonprocessing.comFeb 20, 2018Not 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.
