Gasoline:AC fails to react

摘要

US Atlantic coast gasoline prices opened marginally weaker Monday as the June/July NYMEX spread came in to 3.50 cents/gal,down 1.5 cents from Fridays close.Cash market started off slow as very limited volume traded,M2 prompt values were done in the range between minus 7 cents/gal and minus 6.25 cents/gal.Later in the day,market sentiment improved as Gulf Coast prices surged,supported by demand from the Midwest.