Asian Gasoline Feedstock Exports To U.S. Soar ...Middle East

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Asian Gasoline Feedstock Exports To U.S. Soar
source : OILPRICE ( Middle East ) () 17
Exports of feedstocks for the production of gasoline from Asia to the United States have been on a sharp rise recently, rising to the highest in three months as U.S. refiners struggle with tight supply and strong demand. According to a Bloomberg report, imports of these feedstocks since the start of the month have averaged 86,000 barrels daily, data from Kpler showed. These feedstocks are mixed with gasoline to increase its octane rating—or quality—turning it into a premium product fetching higher prices. Meanwhile, gasoline prices…

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