Markets

Morning Gasoline Market Report

While there are concerns over slumping US gasoline demand, February's 16.0% gain in auto sales might suggest otherwise. April RBOB prices have taken a slightly lower track this morning as they correct yesterday's surge to a new contract high. The gasoline market seemed to draft a level of support during the mid-session following inventory reports out of the Amsterdam-Rotterdam-Antwerp storage hub that showed gasoline stocks falling nearly 5% on the week. This seemed to provide further evidence of a tighter European gasoline market.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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