Export demand increases with Asia to US arbitrage open

Due to the geopolitical conflict, spike in crude oil, as well as peak demand in driving season, US gasoline price hiked notably. The most active contract of gasoline RBOB futures soared by 44.5% from low point of $2.9931/gal to $4.3260/gal from Apr 11 to Jun 6. With rising gasoline price, demand for