Gasoline Profit Rally Means U.S. Imports to Rise: Energy Markets
This article is for subscribers only.
Gasoline shipments to the U.S. from Europe are poised to rebound in January after profit from the trade jumped to the highest level in almost five months.
The motor fuel was 14.5 cents a gallon more expensive in the U.S. than Europe on Dec. 31, the most since Aug. 5, based on futures for delivery to New York harbor and benchmark 95-octane grade in the Amsterdam-Rotterdam-Antwerp region. It was 1.44 cents cheaper on Dec. 14, the biggest discount since Oct. 21.