In our latest gasoline market commentary:
> Prompt TA arb springs back to life on the back of tight PADD-1 fundamentals
> Prompt TA arb springs back to life on the back of tight PADD-1 fundamentals
> Also the August TA spread has rebounded off its recent bottom, although the arb doesn’t yet work for blenders in August
> Naphtha weakness continues to be the greatest influence on blending economics, with no sign yet that the gasoline complex can absorb the required volume (and quality) of naphtha to rebalance this picture
> With low Gasoline demand from WAF, NY remains the only bright spot in terms of short term demand. Can this be enough?
