In our latest gasoline market commentary:
> Blending cost drops in EU, with reformate and naphtha trading lower during the last sessions, stimulating RBOB arb for August deliveries
> The reduction in freight costs has also contributed to the arbitrage opening for RBOB from Europe
> Europe remains the cheapest alternative to Canada and Latam for July deliveries, while its economics to Mexico keeps improving
> RBOB timespreads trading sideways suggests support from the summer driving season, while EBOB spreads threaten to fall into contango at the prompt
