The Octane Challenge Persists

High-octane blending components like toluene and xylene remain in short supply. This is preventing gasoline prices from falling in tandem with crude oil, as refiners pay high premiums for the chemicals needed to meet summer-grade specs.

Retail Demand Outlook

Preliminary travel data suggests a record number of Americans will be on the road this Memorial Day weekend. This anticipated surge in demand is keeping wholesale gasoline markets bid even as the geopolitical landscape eases.