Gasoline prices were (per AAA) were flat this week, from $3.531 to $3.532. So okay... one tenth of once cent more. A year ago, the price had ballooned to $4.452.
Consumption increased +0.4% from last week, and stands 1.6% above year ago numbers. (This is a four week moving average).
The import/export surplus of gasoline since last March 1st 2022, stands at +99.2M barrels. The import/export numbers have really not changed that much over the past few weeks and this past week showed more exports than imports, by 600K.
Where will pump prices be next week? There does not appear much change in pump prices, as the range might be in the ± 5¢ range.
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