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Refined Products Market Report
Sat 28 Jan 2012 01:18:25 CT
Related Keywords: Energy
Related Keywords: Energy
Morning Gasoline Market Report
It is possible that some of the early morning weakness in the gasoline market came from a spot gasoline trade involving Saudi Aramaco that seemed to hold back on quantity due to higher pricing. While Saudi Aramaco purchased 3 to 4 cargos each month from the February to June period, some traders say they might purchase more if prices come down. Expectations for this week's stocks report are for a build in the range of 1.5 million barrels, which is quite a bit below its 5-year average for this week of the year. The price discount of ethanol relative to gasoline prices, lowest level in seven months, could also be a force causing some to shift demand toward lower priced ethanol.
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