Refinery cuts continued to push up US Midwest gasoline prices Tuesday, with the Chicago market climbing 13 cents/gal. Chicago CBOB was assessed at NYMEX March RBOB futures minus 8 cents/gal, up from Friday’s assessment at minus 21 cents/gal. Platts did not assess US markets on Monday due to a national holiday. Although federal Energy Information Administration data showed Midwest gasoline inventories reached a nearly 23-year high during the week that ended February 5, market sources said differentials climbed on refinery maintenance and reduced rates. Valero’s Memphis, Tennessee, refinery (195,000 b/d), PBF’s plant at Toledo, Ohio (160,000 b/d) and Monroe’s Trainer, Pennsylvania, facility (185,000 b/d) all started to pull back production last week due to higher stocks and bad economics, according to various sources. Article continues below… US Marketscan provides you with a daily market overview of the major refined products in the United States delivered via e-mail. It carries […]