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US Cash Products-Gulf Coast gasoline down on supply, cycle change

Reuters -- Gulf A2 gasoline down after pipeline scheduling
* Group Three gasoline offered 8.00 cents/gallon lower
* Prompt RBOB gasoline stronger in Harbor market

NEW YORK, June 19 (Reuters) - Gulf Coast gasoline fell sharply on Tuesday
thanks to ample supply in the region as a new five-day cycle started trading,
traders said.
A2 CBOB gasoline differentials in the Gulf Coast cash market traded 6.50
cents a gallon lower at 20.00 cents under July RBOB gasoline futures on the New
York Mercantile Exchange (NYMEX).
On Monday, differentials fell 6.25 cents per gallon to 19.75 cents per
gallon by early afternoon, but later rebounded to end the day at Friday's level
of 13.50 cents as the previous five-day lifting cycle scheduled to move on the
Colonial Pipeline.
Conventional M2 gaso

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Submitted Jun 20, 2012 By: mastermariner

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REPLIES (newest first)Ignore Short Messages

dave27johnson Champion Author Chicago Posts:1,787 Points:408,325 Joined:Feb 2012	Message Posted: Jun 21, 2012 12:33:36 AM Ignore dave27johnson Report Abuse Keep going down.
Evilmaddog Champion Author British Columbia Posts:3,322 Points:957,550 Joined:Aug 2010	Message Posted: Jun 20, 2012 9:37:52 AM Ignore Evilmaddog Report Abuse ????????? still waiting for lower gas prices.....$4.38/USgal
dave27johnson Champion Author Chicago Posts:1,787 Points:408,325 Joined:Feb 2012	Message Posted: Jun 20, 2012 8:06:23 AM Ignore dave27johnson Report Abuse Good. Overpriced futures will fade as contracts come due. New futures will be lower keeping the trend downward.
humblepie Champion Author Toledo Posts:34,217 Points:2,371,370 Joined:Mar 2006	Message Posted: Jun 20, 2012 7:47:28 AM Ignore humblepie Report Abuse with obama's economy totally in the crapper, look for less and less demand.............
tgusa Champion Author Virginia Beach Posts:2,476 Points:439,875 Joined:Jun 2006	Message Posted: Jun 20, 2012 7:45:29 AM Ignore tgusa Report Abuse meh
brbaritone Champion Author Virginia Posts:2,065 Points:1,697,875 Joined:Jan 2007	Message Posted: Jun 20, 2012 7:41:37 AM Ignore brbaritone Report Abuse "Gulf Coast gasoline fell sharply on Tuesday thanks to ample supply ... " - over-supply is finally having an effect. Not enough, of course ... any hint of positive economic news will support oil prices. Even so, it's a start.