Asian gasoline cracks hit record high as summer driving boosts demand

A resurgence of car travel during the peak summer driving season following eased pandemic restrictions has bolstered the Asian gasoline market, leading crack margins to hit all-time highs, with swaps market trading activity signaling strength for the medium term, S&P Global Commodity Insights data shows. The benchmark Platts FOB Singapore 92 RON gasoline cargo crack against the front month ICE…