This week's full report.
Gasoline fell -2.5¢ for the week, and remains below year ago levels, by -5.3¢, or -1.5%. Days supply jumped to 25.5, from 24.7. For perspective... last year was 23.9.
Inventories were mixed, with crude down -4.9M barrels; Distillates up +3.5M barrels; Gasoline rose +3.3M barrels. Total Petroleum + products +SPR rose +11.1M barrels, with the SPR rising +650K barrels.
So despite the crude draw, the crude plus refined products and SPR was up strong.
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 further from last week's $23.36, to $22.35. Gasoline at $13.56 from last week's $13.97. Distillates to $8.79, compared to last week's $9.39.
That downward push does bode well for slightly more easing at the pump.
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