In our latest gasoline market commentary:
> EBOB blend margins slammed shut as paper markets took a dive lower, narrowing the gas-nap spread as higher octane premiums moved higher
> Timespreads and cracks in both Europe and Asia moved lower
> Russia’s export ban has given the market an end-of-summer boost, but signs are pointing increasingly bearish later in Q4
> ARA’s advantage over the US and AG is set to narrow as we move into Q4 as supply returns on those regions and European refiners switch their full attention to distillate production
