U.S. Gasoline Margins Slump on Lackluster Summer Demand

U.S. gasoline futures fell about 3% on Wednesday, cutting their premium over crude oil to its lowest level since November 2023, after government data showed weaker demand on a four-week- average basis. WHY IT MATTERS The U.S. consumes the most gasoline in the world, and demand for the motor fuel is typically the highest from … Read more