Even though retail stations and other market participants report that demand for gasoline and diesel is around 85-90% of normal levels, unusually high inventories of both road fuels continue to weigh on prices. In fact, both gasoline and diesel prices have generally converged across the country due to abundant supply. The difference between the cheapest and most expensive regions for diesel was reported to be over €2 ($2.25)/100L on June 30, which is near average spreads of €1.80 ($2.03)/100L from Jan. to Feb. On the other hand, as a result of increased refinery runs, German diesel prices have averaged a €7.75 (f 8.73)/100L premium to ARA barge prices from mid-May to Mid-June, compared to an average premium of €10.50 ($11.83)/100L from March to April. Prior to the implementation of lockdown measures, the premium was at €8.50 ($9.57)/100 L from Jan. to Feb.
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