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Gasoline profit margins drop

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Published28 JUL 25 - 09:45 Reading time  minutes

Gasoline cracks and spreads fell sharply over the week as inventories in the ARA and U.S. rose, Philip Jones-Lux, senior analyst at Sparta Commodities said.

Reuters – July 28, 2025 – Northwest European gasoline profit margins fell $2.11 to $11.65/barrel on higher inventories. Major trades included Trafigura, BP, Exxon, TotalEnergies, and Aramco. Sparta analyst Philip Jones-Lux highlighted rising inventories in ARA and the U.S., alongside high refinery utilization and the impact of Nigeria’s Dangote refinery. EU and UK gasoline exports increased to 978,000 bpd in July, up from 912,000 bpd in June.

Author

Philip Jones-Lux

Senior Analyst

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