Economics
U.S. Gasoline Imports From Europe Decline as Demand Erodes
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Gasoline shipments to the U.S. from Europe are poised to drop in April to the lowest in four months, reinforcing speculation that a surge in pump prices is hurting consumption in the world’s biggest oil user.
At least 15 tankers were scheduled to ship 570,000 metric tons of the fuel to the U.S. Atlantic Coast from Europe as of April 20, the least for a comparable period since December, according to Clarkson Research Services Ltd., a unit of the world’s biggest shipbroker. A total of 1.14 million tons was booked to sail in March.