Gasoline drops in Brazil while hits record highs elsewhere in Latin America

Brazil’s gasoline differential to the NYMEX RBOB futures dropped 31 cents/gal June 9 even as the NYMEX futures and cargo assessments elsewhere in Latin America reached record highs. The Platts assessment for Mexico delivered CIF gasoline rose $2.90 to $172.42/b, while Ecuador’s RON 98 CIF increased $3.15 to $180.58/b, both records. Like most of Latin America, they closely tracked the…