Weaker US Gulf coast gasoline inventories pull cargoes away from the East Coast

LR1 Silver Venus loaded 315,000 bbls of gasoline at the Petrobras Rio de Janeiro terminal July 1, before heading north signaling for New York. The vessel then changed direction on July 13, heading west and is now signaling for Houston.

As US gasoline inventories look healthier on the Atlantic Coast and imports to the region look robust in the weeks ahead, the US Gulf Coast is becoming a more competitive destination.  

LR1 Silver Venus now signalling for Houston

The United States typically discharges the most Brazilian gasoline over any other country, but the Atlantic Coast is usually the leading destination, and not the Gulf Coast: 

Gasoline Export Loadings from Brazil Reflect Recent Market Changes