Traders worked through a bearish US Gulf Coast gasoline market Tuesday with a weakening NYMEX contract basis and dwindling cash differentials.Buy side interest was extremely weak through out the day for prompt 7.8 RVP gasoline barrels.Cash diffs for 7.8 RVP gasoline started at even to the July NYMEX gasoline contract and then dipped to 1.25 cts/gal under in late afternoon.Talk of an FCC problem for Premcor in Port Arthur pushed diffs back towards their opening levels.
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