US gasoline demand rose to 9.73mn b/d, the second-highest fgure since August 2007, buoyed by summer driving and steady exports. Gulf coast refning margins frmed to their strongest this year at $23.40/bl. Gulf coast Cbob rose to a premium to the New York Harbor market for the frst time in a month, shutting the arbi- trage. Colonial gasoline line space fell to negative 5￠/USG, near historic lows.
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