This week's full report.
Pump prices were flat on the week, although down -0.7¢ from last year. Consumption is down from last year's mark, but slightly up from previous week.
Inventories were mixed in this week's report. Crude, -6.4M barrels; Distillates, +1.6M barrels; Gasoline, -600K barrels.
Refinery output continues to lag, 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 eased slightly from last week's $29.55, to $29.44. Gasoline at $19.49 from last week's $19.37. Distillates at $9.95, compared to last week's $10.18.
Gasoline pump prices seem to be trading in a narrow band, with some downward pressure in Diesel pricing.
Nothing dramatic in this week's report, imho.
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