March RBOB prices traded slightly lower during the early morning hours, perhaps as it takes a pause after yesterday's surge into new highs for the rally. While the Midwest gasoline market remains under pressure from abundant near-term supply, a rally in Brent crude oil above $120 a barrel is pulling feedstock prices higher for East and Gulf Coast refiners, thus pulling up RBOB prices. The short term uptrend pattern for March remains intact. Given the gains in crude oil and positive risk-sentiment during the early morning hours, it might take more bullish data to continue to power prices higher.