Mexican imports of gasoline from China in June spiked to a new monthly high in June, while imports from the US, Mexico’s most important gasoline supplier, declined in the same month. Receive daily email alerts, subscriber notes & personalize your experience. Register Now In Asia, market sources attributed this trend to a glut of gasoline on their side of the Pacific, while those in the US said it was caused by strong demand here, which limited the barrels available for export markets. While the US refining complex was running near its upper limit in June, Mexico imported gasoline out of eastern Asia at unprecedented levels. “The Gulf was too expensive,” while Asia offered “better prices” for gasoline in June, one US Gulf Coast gasoline broker said. Data from Mexico’s Energy Secretariat, or SENER, shows Mexico imported 896,000 barrels of gasoline from China in June, which beat the […]