Wednesday, January 31, 2024

This Week in Petroleum Summary January 31st, 2024 per EIA.GOV

This week's full report


Consumption slightly above year ago, yet down very slightly from last week. Pump Prices are drifting higher.



The pump prices do remain down from this time last year.

The overall...

Crude inventories rose +1.2M barrels; distillates down -2.5M barrels; gasoline up +1.2M barrels.

For those interested, the exports of Crude, Petroleum Products, Including Gasoline has far outweighed the imports, by this much, since March, 2022.


Everything seems to be quiet, even with the news about middle east, Ukraine, etc. I think the energy market has rebalanced.

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