In our latest gasoline market commentary:
> Asian market continues to weaken in comparison to the Atlantic Basin, with South Korean and Chinese cargoes offered to discounted buying appetite
> The Atlantic Basin continues to retreat to cover its home markets, with barrels out of Singapore now pricing competitively into the Middle East, East Africa, and West Coast Americas
> Gas-nap spreads have evened out for the time being, but even with historically wide gas-nap spreads in Q2, blend costs out of both ARA and Houston have been rising
> No sign of RBOB arb opening any time soon, but with E10 blend margins also shut through Q2, there component availability tightness is set to push gasoline cracks in the Atlantic Basin higher still in the coming weeks
