US products prices fell, with rising stocks and a US Gulf coast market struggling to find domestic or overseas buyers. Gulf coast gasoline prices declined by more than 5￠/USG to $1.50/USG in the week to 13 June, while ultra-low sulphur diesel values shed just over 1￠/USG to $1.48/USG, with the arbitrages to New York Harbor and Europe closed. Pipeline closures on the Magellan and Wolverine lines to repair damage made shipments to the midcontinent difficult, although the arbitrage between the regions remained open on paper.
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