As national average gasoline prices have surpassed the $5 per US gallon mark for the first time in history, the market is set for further tightness after ten consecutive weeks of inventory declines. – With US gasoline demand increasing to 9.2 million b/d recently, gasoline exports are still running strong at 1 million b/d as Mexico and other Latin American nations remain dependent on US supplies. – With US refiners no longer able to purchase Russian VGO as it remains banned, many are forced to choose between gasoline and diesel, meaning that both segments cannot […]