Flux Markets | High storage and high hopes…? Skip to main content

High storage and high hopes…?

Cracks rise, strong RINs, Asia gains. Technicals positive but overbought; positioning mixed.
Published: February 9, 2026
Written by:
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
Reviewed by:
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
and
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
14 page report
Share

The gasoline market has firmed up in February, with the Mar'26 RBOB swap crack rallying from a weekly low of $22.00/bbl on 03 Feb to close to $24.00/bbl on 09 Feb at the time of writing. Both the RBOB and EBOB prompt cracks have risen to stronger than their 2025 level for this time of year. Gasoline in US storage is 6.81 mb (+2.7%) higher than this time last year and well above the 5-year average.

Premium Content

To continue reading this page, please login or find our about our subscription options.

Related News

Brent Climbs to $69.39/bbl

Shell faces production shortfall, OPEC+ production declines in January, PDVSA reverses production cuts
4 page report

Let’s get this party started!

Edition: Free EditionVolume: 3Issue: 27
IE week is starting here in London but over the weekend things were busy in politics!

Brent Breaks $68/bbl

India buys 2mb Venezuelan crude to diversify from Russia; Cuba faces fuel crisis; Netanyahu to meet Trump on Iran talks.
4 page report

Party time!

Edition: Free EditionVolume: 3Issue: 26
Enjoy our weekly poll of Brent flat price direction on the summary page!