Gasoline and naphtha refining margins in Europe stayed firm on Wednesday, supported by the large amount of refining capacity that has been taken off line in the United States, as per Reuters. Approximately, 936,500 bpd of refining capacity was shut down on the U.S. Gulf Coast since Tuesday, due to Hurricane Isaac which is sweeping through Louisiana. Margins were also bolstered by firm demand. Four-week average gasoline demand in the United States was at its highest level since Sept. 2011, as per the Energy Information Administration.
31-Aug-12 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}