Thursday, July 6, 2023

Gasoline consumption per latest EIA data, July 06, 2023

Gasoline prices (per AAA) eased down  from last report to $3.529. One year ago the price had ballooned to $4.779, but was on its downward trajectory... into the mid September lull, around  $3.67.

Consumption increased week over week, and stands 5.0% above year ago numbers. (This is a four week moving average).


The import/export surplus of gasoline since last March 1st 2022, stands steady at +98.7M barrels. It has basically remained flat for the past 3 months.

Rinse and repeat. There remains a slight upward bias, even though pump prices edged down this past week. 

Nothing dramatic, imho.

No comments:

Post a Comment

Week Ending Report-August 16th, 2025

A few reports of interest (to me), from this past week. CPI Real earnings Petroleum Producer Price Index Retail Sales The inflation report ...