This week's full report.
Gasoline fell -4.9¢ for the week, and is now below year ago levels, by -14¢, or -3.9%. Consumption edged up... per this past report, yet still remains below year ago levels, bu -2.3%.
Inventories rose across the board, with crude inventory up +3.7M barrels; Distillates up +881K barrels; Gasoline up +2.6M barrels. Total Petroleum + products +SPR rose +11.8M barrels.
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 slipped from last week's $23.97, to $22.87. Gasoline at $13.36 from last week's $14.75. Distillates to $9.51, compared to last week's $9.21.
While both gasoline and diesel pump price averages edged up today, the outlook is still a bit downward, although bottom appears near.
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