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Gasoline rebound may spur US refinery restarts
Higher US gasoline prices are reviving interest in refinery unit restarts along the Gulf coast, while a shortage of feedstocks could require an accompanying increase in crude runs, despite falling margins that may set a low ceiling for returning capacity. Before last week's 8.2pc drop in demand, US gasoline saw five consecutive weeks of rising demand, which appeared to have picked up pace in May as a sign of recovery from Covid-19-related restrictions. But despite the latest bearish data and rising inventories, Argus-assessed Gulf coast conventional gasoline prices have steadily risen this month, maintaining above ... (full story)