In our latest gasoline market commentary:
> RBOB arb still very closed, with recent upticks in TA Arb driven initially by rising RVO and more recently on narrowing gas-nap in Europe
> Outlets for ARA gasoline components are essentially shut currently, with the EBOB Blender margins also firmly closed and competition from USGC into Latam and EoS origin barrels into WAF
> Looking forward, pricing is currently at levels which reflect last-gasp hopes of late-summer disruptions with growing downside risks as these are yet to appear
