Gasoline consumption through week of 2-03-2023

Gasoline prices were (per AAA) were down 5.6¢ this week, to $3.445. A year ago, the price was $3.49.

Not sure how long this will last, although inventories are up and refinery output did slightly increase.

The however... is right on cue, as the seasonal consumption is edging up. (This is a four week moving average). It is -1.3% below one year ago levels. 

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If you are really into this type of thing... the import/export surplus of gasoline since last March 1st, stands at 88.8M barrels. If you saw last week's report, that is down 300K barrels. Somehow, I doubt that continues, although economic conditions might keep it downward in trajectory.

My completely ignorant prediction is... pump prices will be lower by this time next week. I won't go any further.