RBOB - (RB) Gasoline

The SPR release was a non-event, why would it be.

Less asphalt is preferable.

Heavy Sours are not ever going to relieve Price.

The exception is DOT projects.

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April to June as the Flip for unleaded fuel production.

Refineries lead this transition and switch over to summer-
blend production in March and April.

In the warmer months, gasoline has a greater chance of evaporating.

Refiners reduce the chance of gas evaporation in your car during the s
summer by producing gasoline blends that have lower Reid vapor pressure,
or lower volatility.

This isn't going to affect price this year.

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The Variant will, demand for Gasoline

Liquid fuels will increase by 3.5 million b/d in 2022 to average 100.5 million.

Given demand is well below 100 Million, we doubt this.

War Drum will likely have the desired effect and those are rapidly building
Globally as China has become an Isolationist.

Russia is keen on pushing back against an attempt to regain the upper hand in
NATO for the purposes of putting Putin in a corner.

2022 has the potential to be a very challenging year on many fronts.

Price volatility will increase dramatically as Energy moves in far greater swings.

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There is a rather Large Daily GAp Above.