Distillate Inventory Impact Continues on Atlantic Coast

The recovery from last autumn’s Hurricane Sandy continues in some of the hardest hit areas of the Northeastern United States, and there are likewise lingering effects within the petroleum products market in the region. Unseasonably high motor gasoline prices are receiving considerable attention in the press as blending components for summer grades are in higher demand and contango in gasoline futures markets is narrowing. These high prices have come despite eroding gasoline demand in the area. Download here