This week's full report.
Data suggesting a moderation of consumption this past week, which is also seen in steadying of pump prices, with a +2¢ rise.
Current projections indicate somewhat of an easing in upward prices, with last week's forecast of upper $3.60ish, moving to mid $3.60ish, in the upcoming weeks.
The overall...
Crude inventories rose +3.2M barrels; distillates fell -1.2M barrels; gasoline stocks rose by +1.3M barrels.
Refinery output is still lagging against year ago levels.
For those interested, the exports of Crude, Petroleum Products, Including Gasoline has far outweighed the imports, by this much, since March, 2022.
The current crack spread has fallen from last week's $32.24, to $29.81. Gasoline at $18.86 from last week's $20.09. Distillates at $10.95, compared to last week's $12.15.
All in all... a decent looking report, imho.
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