LONDON: Benchmark northwest European gasoline refining margins rose on Tuesday with low water levels on the Rhine continuing to support prices.
US motorists are feeling the effects of Hurricane.
Florence as gas pump prices rose this week and stations in the Southeastern evacuation zones faced a run on fuel supplies.
Low Rhine water levels has been limiting the barge movement between ARA Hub to Germany pushing up freight rates while also keeping the supplies low, ING said in a note.
Some rain expected in southern Germany will have limited impact on low water levels, Riverlake barging brokers said.
"The ICE expiry today might support demand, depending on the volume the demand of the bigger sized barges can be affected," Riverlake said of the diesel front-month futures contract.
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