- Retail regular gasoline prices fell by 65.8c in the last four weeks. About 55% of the change was due to the price of crude oil, while the remainder was refinery margin
- Scroll down for a chart of the RBOB-WTI crack spread, a measure of refinery margin. It shows elevated cracks this year
- Total motor gasoline inventories rose by 200 MBbl/d for the week ending July 29, and are about 3% below the five-year average for this time of year
- Goldman Sachs forecasts a rise in retail gasoline prices to $4.35/Gal in 4Q22 and $4.40/Gal in 2023
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- Retail diesel prices fell by 66.3c in the last four weeks. About 47% of the change was due to the price of crude oil, while the remainder was refinery margin
- Scroll down for a chart of the NY Harbor ULSD-WTI crack spread, a measure of refinery margin. It shows elevated cracks this year
- Distillate fuel inventories fell by 2.4 MMBbl/d for the week ending July 29, and are about 25% below the five-year average for this time of year
- Goldman Sachs forecasts a rise in retail diesel prices to $5.50/Gal in 4Q22 and $5.25/Gal in 2023
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