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Surging gasoline prices add inflation risk in US election year

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Published12 MAR 24 - 10:26 Reading time  minutes

“Sanctions placed on Russia following its invasion of Ukraine have helped lighten the crude slates in Europe and the US, pressuring output of components like alkylate and reformate, said Jorge Molinero, an analyst at Sparta. The problem is unlikely to go away this year, he said.

Bloomberg, March 12, 2024 – Jorge Molinero from Sparta commented on the global gasoline market, highlighting the challenges in the availability of octane-enhancing blending components due to sanctions on Russia, which are expected to continue impacting the market through the year.

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