Epic Summer In Store For US Gasoline - Citigroup

Published: Feb 02, 2012

LONDON (Dow Jones)--The closure of major refineries in the U.S. and Europe has set the gasoline market up for "an epic summer," Seth Kleinman, head of energy strategy at Citi, said Thursday.

"U.S. gasoline is going to rip this summer," Kleinman said, as refineries will come under pressure to meet increased demand over the driving season.

However, he added that "it's all about summer gasoline. By the time it's winter the market will be a disaster again."

-By Sarah Kent, Dow Jones Newswires;4420-7842-9376; sarah.kent@dowjones.com