Gasoline hits 21-year low

摘要

1.Gasoline prices fell further, as the US broadened stay-at-home orders in an at- tempt to slow the spread of the coronavirus, smashing demand in the process. 2.Gulf coast conventional gasoline bottomed out at 38.97c/USG, the lowest in over 21 years. Margins sank deeper into negative territory, prompting Gulf coast refners to cut runs by 20-30pc, approaching the 60-65pc minimum run rates. Low fat prices stoked demand in Mexico, buoying Gulf coast cargo loadings.