LONDON, Dec 2 - European gasoline prices fell on Wednesday, tracking a 3 percent drop in U.S. RBOB futures after government data showed stockpiles of the motor fuel rose by more than expected in the United States last week. The U.S. Energy Information Administration reported on Wednesday that gasoline inventories in Europe's key export market jumped by 4 million barrels last week to stand at 214.1 million barrels - more than 11 million barrels higher than a year ago. [EIA/S] "The EIA numbers and the drop in crude and gasoline futures really hit the gasoline price -- Tuesday's gains were looking
overdone, but we're still in the range." Gasoline prices have traded in a narrow range between $670 and $725 a tonne since the middle of October. Export opportunities for European traders are limited, with the December arbitrage currently seen returning just a small profit of $1.80 a tonne.
overdone, but we're still in the range." Gasoline prices have traded in a narrow range between $670 and $725 a tonne since the middle of October. Export opportunities for European traders are limited, with the December arbitrage currently seen returning just a small profit of $1.80 a tonne.
