This week's full report.
Gasoline pump prices fell -0.2¢ for the week, and continues well below year ago levels, by -66.8¢, or -16.5%. Days supply slipped to 24.9. For perspective... last year was 25.5 days.
Inventories slid across the board, with crude slipping -4.5M barrels; Distillates down -2.2M barrels; Gasoline stocks fell -1.5M barrels. Total Petroleum + products +SPR slid -13.3M barrels, with the SPR rising +1.3M barrels.
The total products is still +31.9M 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 $15.63, to $16.22. Gasoline up to $8.42 from last week's $8.26. Distillates to $7.80, compared to last week's $7.37.
One set of data indicates a further easing of pump prices, while another suggests nearing a bottom. Which is exactly what last week's data suggested. This past week, did indicate both slight up and down movement in prices.
This coming week... only time will tell.
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