Slide 14 of 15
Notes:
- Another reason for hope is that as we are seeing production begin to climb as refiners come out of maintenance and ramp up, gasoline imports have also increased substantially recently, thus putting more gasoline supply into the U.S. market.
- Of course, it is too early to tell, but if gasoline markets don’t get worse, we may be nearing the turning point, with prices peaking this month or early next month, slightly earlier than is typical.
