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US benchmark gasoline price climbs on surging exports to Mexico

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Listen: US benchmark gasoline price climbs on surging exports to Mexico

Mexico’s higher gasoline prices for consumers are having a ripple effect through North American gasoline markets as the US exports more product to its neighbor. Josh Brown, editor for US gasoline markets, explains why Mexico’s domestic production is hobbled despite growing demand and how US prices are being pressured upward.

Related story: US gasoline exports to Mexico hit record high on refinery issues, strong demand

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