US October gasoline imports hit post-pandemic low on slump in European shipments

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Published21 NOV 24 - 15:52 Reading time minutes

“The arbitrage was largely closed until early November on the back of very bad economics from the EU,” Jorge Molinero, Sparta

Reuters, November 21, 2024 – U.S. October gasoline imports reached their lowest level since the post-COVID period, with significant drops from Europe and Asia, influenced by weak global demand. Sparta analyst Jorge Molinero noted that the transatlantic arbitrage was largely closed due to poor economics from Europe, although low U.S. East Coast stocks might encourage higher imports.

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