A string of refinery outages across the United States and unrelenting demand for gasoline in the country have given European gasoline a late boost to counter the traditional decline in overseas demand as summer draws to a close. About 1.7 million tonnes of gasoline have been booked for loading in August from Europe to the east coast of the United States and the Gulf Coast, Reuters ship-tracking data showed, in what traders said has been an exceptionally strong month. With oil prices more than halving over the past year, demand for gasoline in the United States has surged in recent months as motorists drive more and buy larger cars. U.S. and global demand for gasoline has been the main engine supporting refining margins in recent months. The difference between the prices of crude oil and gasoline, used […]

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