Gasoline profit margins fall
“The Aug/Sep EBOB spread has already gained $3 per metric ton since we said it looked like a buy at the end of last week. ARA inventories have been seen declining steadily in recent weeks, and soft TC2 rates aligned with a steady gas-nap spread have been keeping export economics well-supported,” said Sparta Commodities analyst Philip Jones-Lux.
Reuters – July 7, 2025. Northwest European gasoline profit margins dropped $1.08 to $13.83/barrel on Monday. Trades involved major players like BP, Shell, and ExxonMobil. Sparta analyst Philip Jones-Lux noted steady inventory declines and strong export economics supported by soft TC2 rates. India’s gasoline sales fell 6.9% in June from May but rose 6.7% year-on-year. EU and UK gasoline exports slowed in July versus June.
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