Gasoline imports into the US Atlantic Coast January through August plummeted 39.3%, as mostly open arbitrage plays could not overcome coronavirus pandemic-dampened demand. An analysis of US Customs data showed that total imports through August into the region stretching from Florida to Maine were at their lowest level since 2016, the first year that S&P Global Platts started receiving the data. The USAC is a market reliant on CIF cargoes as well as pipeline supply from the Gulf Coast to supplement the few refineries in the region. “The market has had to deal with an excess of stocks since coronavirus shutdowns, and the first thing a CIF […]

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