July RBOB prices took on a lower track during the overnight and early morning hours, pressured by a weak outside market tone and growing risk aversion. Expectations for today's EIA inventory report are for US gasoline supplies to have fallen around 500,000 barrels. This would mark the 14th consecutive weekly draw and put current gasoline supplies at dangerously low levels heading into the summer driving season. Meanwhile, the elevated level of US refining capacity is expected to foster a build in gasoline supplies in the near term.
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