This week's full report.
Gasoline rose +0.4¢ for the week, but remains up +7.1¢ from year ago level. Consumption did edge up again per this past report, although still trailing year ago levels.
Inventories were mixed, with crude inventory up +1.8M barrels; Distillates up +379K barrels; Gasoline down -945K barrels. Total Petroleum + products +SPR rose +8.5M barrels.
Refinery output continues to lag behind 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 $25.35, to $26.03. Gasoline at $16.13 from last week's $15.97. Distillates rose to $9.90, compared to last week's $9.39.
Despite today's uptick at the pumps, the trend suggests prices drifting lower.
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