This week's full report.
Gasoline fell -1.3¢ for the week, and is now below year ago levels, by 1¢, or -0.3%. Consumption did edge up again per this past report, although still trailing year ago levels.
Inventories rose across the board, with crude inventory up +844K barrels; Distillates up +2.5M barrels; Gasoline up +2M barrels. Total Petroleum + products +SPR rose +13.1M barrels.
Refinery output rose the past week, but still slightly trails year ago numbers.
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 $26.03, to $23.19. Gasoline at $14.35 from last week's $16.13. Distillates fell to $8.84, compared to last week's $9.90.
The trends suggest a continuing drift downward in pump prices, imho.
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