Northwest Europe Gasoline Margins Rise to $61.86

Northwest Europe Gasoline Market Update

Northwest European gasoline refining margins increased by $2.45 per barrel to $61.86 on Thursday, 3 September 2026, approaching the record levels observed during the 2022 energy crisis. The rise is attributed to limited supplies in the region.

Trading activity: Exxon Mobil and MB Energy sold 6,000 metric tons of gasoline E5 via barges to Gunvor and Trafigura. Shell and Sahara sold an additional 10,000 metric tons of gasoline E10 barges to Varo and Exxon.

Inventory data: Gasoline stocks held independently at the Amsterdam‑Rotterdam‑Antwerp (ARA) refining and storage hub rose by nearly 18% over the week, reaching 885,000 metric tons, driven by lower exports to other regions. Insights Global analyst Rick Veringmeier noted that blending activity for motor fuel was also increasing.

U.S. gasoline stocks: The U.S. Energy Information Administration reported a decline of 1.2 million barrels in gasoline inventories for the week ending 28 August, leaving a total of 205.7 million barrels.

Market outlook: Sparta Commodities analyst Nikolas Plonski said that in the short term, EBOB spreads may have further upside, particularly over the next two weeks as the market moves into the September window, with renewed buying activity in E5 barges and inventories remaining tight.