Why prices Spiked lower in RBOB   and Brent

EPA OKs Emergency Fuel Waivers for Gulf, East Coast States 12:40
Exercised emergency fuel waiver authority to help ensure adequate supply of fuel throughout the South, Southeast and Mid-Atlantic as a result of continuing effects on refineries and disruption to the fuel distribution caused by Hurricane Harvey.
• Waives requirements for reformulated gasoline and low volatility gasoline through September 15 in: Alabama, Florida, Georgia, Kentucky, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, Texas, Louisiana and the District of Columbia
• Granting short-term waiver was consistent with public interest
• EPA and DOE continuing to actively monitor the fuel supply situation
To contact the reporter on this story: Ben Livesey in San Francisco at blivesey@bloomberg.ne