Feature: Low production, strong demand to buoy US summer gasoline prices

Low production, strong demand, and weak gasoline imports raised the question of whether gasoline prices will follow in diesel’s record-setting footsteps this summer. US Gulf Coast pipeline ULSD’s premium over CBOB has grown considerably since the start of the year. Although ULSD averaged just an 18.93 cents/gal premium over USGC pipeline CBOB in January and a 20.40 cents/gal premium in…