What Has Quintupled? Multiple Choice:

A. Octane value

B. Gasoline sulfur credit price

C. U.S. gasoline exports

D. Octane-barrel destruction in U.S. gasoline desulfurizers

E. Reformate price premium

F. All the above

The answer is F, all the above.

The hidden cause that links them is the Tier 3 gasoline sulfur specification.

Recommendation: Read this short book to quickly become an expert on the topic

George Hoekstra

President, Hoekstra Trading LLC

george.hoekstra@hoekstratrading.com

+1 630 330-8159