This week's full report.
Gasoline pump prices fell -3.0¢ for the week, and continues well below year ago levels, by -66.8¢, or -17.2%. Days supply edged up to 25. For perspective... last year was 24.8 days.
Inventories were mixed across the board, with crude slipping -1.6M barrels; Distillates up 125K barrels; Gasoline stocks rose +69K barrels. Total Petroleum + products +SPR slid -485K barrels, with the SPR rising +655K barrels.
The total products is still +42.9M barrels ahead of 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 edged up from last week's $15.39, to $15.63. Gasoline up to $8.26 from last week's $7.82. Distillates to $7.37, compared to last week's $7.57.
One set of data indicates a further easing of pump prices, while another suggests nearing a bottom. Time will tell.
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