Gasoline prices (per AAA) eased down from last report to $3.556, or -2.5¢. One year ago the price had ballooned to $4.881, and was on its downward trajectory... into the mid September lull, around $3.67.
Consumption increase week over week, and stands 4.5% above year ago numbers. (This is a four week moving average).
The import/export surplus of gasoline since last March 1st 2022, stands at +98.7M barrels. It has basically remained flat for the past 3 months.
Where will pump prices be next week? My estimate last week was ±7¢, with a downward bias. Result was down -2.5¢. Sooo... ±5¢, with an ever so slight upward bias.
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