Weekly EIA report.
Crude stocks went up 718K barrels, from last week; Distillates up 283K Barrels; and Gasoline slid -3.1M barrels. The SPR slid another -3.5M barrels.
Inexplicably, gasoline consumption within the U.S., has risen for 2 consecutive weeks. This report is through 12-23, so the impacts of the winter storm would not be fully reflected in these numbers. Although there are people, such as myself, that made sure the tank was topped off.
The national average, per AAA, has risen +5.8¢ the past week. How much is due to the winter storm and refinery struggles... not really sure. There is a slight upward bias in gasoline pump prices.
Distillate stocks continue to slip in the New England region. Again, this data was pre blizzard and the blast of cold arctic air.
A month ago, the news out of New England was dire, in regards to heating fuel and natural gas.
On a side note, I was once an avid UK Wildcat BB fan, but slowly discontinued my allegiance, when the marketing major shifted the brand= to Cal's Cats. Last night, I decided to check out some twitter feeds about them and somehow the Twitter algorithm thinks I am once again an avid fan. Geez!
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