Northwest Europe Gasoline Margins Hit $30.59/bbl

Northwest European gasoline margins rose $8.49 to $30.59 per barrel, highest since August 2023, as oil prices fell.
24,000 metric tons of E5 gasoline and 8,000 tons of E10 traded, with TotalEnergies buying from BP, Shell, Gunvor, Equinor, Exxon and Trafigura.
TotalEnergies’ Donges refinery, France’s second‑largest handling 20% of national capacity (≈11 Mt/yr), entered a two‑month shutdown on April 27.
California gasoline prices hit $6 per gallon, a high, as administration plans to loan up to 92.5 million barrels from the Petroleum Reserve.