Global crude and gasoline benchmarks remain backwardated.
Being told this morning that NY Harbor cash gasoline is trading 42 cents above October RBOB futures.
I said in August in the WSJ that supplies were expected to remain tight for the next few months.
"Anybody who needs to purchase gasoline over the next six months, they're locking in prices right now," said Jason Williams, an energy broker at Coquest, a brokerage firm in Dallas. "They are worried that the supply shortages might last for the next three months."
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| Crude |
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| Gasoline |
