Case: Gasoline Shoulder-Season Pressure

Soft gasoline demand during shoulder season compressed cracks and reduced runs, easing prompt crude demand in the Atlantic basin.

Key Takeaways

  • Seasonality affects both refinery runs and product pricing power.
  • Crude demand response can lag product deterioration by weeks.
  • Product cracks are critical leading indicators for physical crude.

References

Last reviewed: 2026-03-21