The gasoline market continues to fret over the prospect of weakening demand, but it seems to be garnering a lift off hopes that Greece will pass the latest austerity package. Tempering the initial positive demand tilt was news overnight that May Russian gasoline production was up nearly 10.5% from April. Additionally, the latest American Trucking Association data for May showed more than a 2.0% drop in the Truck Tonnage Index from the previous month. Meanwhile, some view the 19.5% plunge in prices from the May high to yesterday's low as a force that might encourage a rebound in US driving demand.
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