Gasoline prices (per AAA) remained flat from last report at $3.574 One year ago the price had ballooned to $4.671
Consumption increased +1.3% from last week, and stands 3.3% above year ago numbers. (This is a four week moving average).
Gasoline prices (per AAA) remained flat from last report at $3.574 One year ago the price had ballooned to $4.671
Consumption increased +1.3% from last week, and stands 3.3% above year ago numbers. (This is a four week moving average).
Data per the EIA weekly report.
Crude stocks rose +4.9M barrels, from last week, and remains down -3.0% from the 5 year seasonal average. It should be noted the 5 year average includes the abnormal 2020 and 2021 number. Otherwise, the current inventory is nearly +1.6% above normal.
Distillates increased +985K; and Gasoline inventories slid -207K barrels. The SPR fell another -2.5M barrels.
The Energy Information Administration released their weekly report on Thursday.
Prices in all West Coast markets declined yesterday from last Wednesday. The price at PG&E Citygate in Northern California fell 95 cents, down from $4.13/MMBtu last Wednesday to $3.18/MMBtu yesterday. The price at SoCal Citygate in Southern California decreased 33 cents from $2.58/MMBtu last Wednesday to $2.25/MMBtu yesterday. The price at Sumas on the Canada-Washington border fell 21 cents from $1.83/MMBtu last Wednesday to $1.62/MMBtu yesterday. Natural gas consumption in the Western region decreased by 1% (0.1 Bcf/d), which was led by a 4% (0.1 Bcf/d) decrease in consumption in the electric power sector. In Northern California, PG&E’s total gas in storage was 12.6 billion cubic feet (Bcf) as of May 23, up from 5.8 Bcf on May 1.
Select inventories of EU and UK...
Gasoline prices (per AAA) edged up this week, from $3.532 to $3.561. One year ago the price had ballooned to $4.598
Consumption increased +0.2% from last week, and stands 1.5% above year ago numbers. (This is a four week moving average).
Crude stocks dropped rather dramatically -12.4M barrels, from last week, and remains down -4.0% from the 5 year seasonal average. It should be noted the 5 year average includes the abnormal 2020 and 2021 number. Otherwise, the current inventory is nearly +1.0% above normal.
Distillates slid -500K; and Gasoline inventories slid -2.0M barrels. The SPR fell another -1.6M barrels.
The Energy Information Administration released their weekly report on Thursday.
Laugh of the week Watching Sky News and a lady proclaimed that social media sites should be held to the same strict standards as newspaper p...