Gasoline: Asian cracks continue to fall

摘要

Asia gasoline cracks fell for the fifth consecutive trading day Monday, with the benchmark 92 RON crack narrowing $1.01/b to $4.31/b under the weight of aggressive offerings but steady regional demand. While the recent weakness in Asia has shut incoming arbitrage opportunities, a surge in conventional gasoline premiums in the USWC has re-opened that arbitrage on paper.