This week's full report.
Consumption continues to edge up on a yearly basis, when adjusting for inventory. Weekly, consumption has slid 2 consecutive weeks, similar to previous years. We'll need to see if seasonal patterns continue in the next couple of weeks... and beyond.
Pricing continues to remain stable...
The overall picture...
Crude inventories increased +1.3M barrels; distillates up +6.5M barrels; gasoline up +8M barrels.
For those interested, the exports of Crude, Petroleum Products, Including Gasoline has far outweighed the imports, by this much, since March, 2022.
Looks like good news, but will it continue?
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