This week's full report.
Data suggests a moderate increase in consumption, with a +1.4¢ pump price increase.
The consistent decline in gasoline stocks seems to be elevating the projections for pump prices, with last week's forecast of mid $3.60ish, back to near $3.70, in the upcoming weeks.
The overall...
Crude inventories rose +3.2M barrels; distillates fell -1.3M barrels; gasoline stocks fell by -4.3M 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 risen slightly from last week's $29.81, to $30.10. Gasoline at $18.73 from last week's $18.86. Distillates at $11.37, compared to last week's $10.95.
Despite the nervous nellies attempting to spook the market, this is not really so bad, imho.
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