FOB Singapore unleaded gasoline prices have fallen by around US4.30-4.75/bbl or 8-9.4 since early June on the back of a closed East-West arbitrage which has kept Asian barrels in that region.The plunge in the US gasoline market over the past week on the back of stock builds,surge in imports and hefty production levels has lowered US gasoline prices and shut the East-West arb window,traders said.Typically,some Far East stems would be heading to the US around this time of year.Chinese.Taiwanese and South Korean cargoes.
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