- Retail regular gasoline prices fell by 61c in the last four weeks to $3.938/Gal. 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 fell by 5 MMBbl/d for the week ending August 5, and are about 6% 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 64.2c in the last four weeks to $4.911/Gal. 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 rose by 2.2 MMBbl/d for the week ending August 5, and are about 24% 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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