Asia Boosts Exports of Blendstocks to US Amid Gasoline Squeeze
- Exports of components such as alkylate at 3-month high: Kpler
- US motor fuel prices have surged just as summer travel starts
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Flows of products used to make premium gasoline from Asia to the US are at the highest level in three months as American fuel producers grapple with tightening supplies during a period of peak demand.
Shipments of products such as alkylate and reformate are at around 86,000 barrels a day so far in June, according to preliminary data from analytics firm Kpler. Known as blendstocks, they can be mixed with gasoline to boost the octane rating, or quality of the fuel. A lack of refining capacity across many regions including the US has crimped output of the components.