- Retail regular gasoline prices fell by 50.2c in the last four weeks to $3.880/Gal. About 54% 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 4.6 MMBbl/d for the week ending August 12, and are about 8% below the five-year average for this time of year
- Retail gasoline prices fall for ten consecutive weeks
- Prices fell to their lowest level since March, and this level of decline hadn't occurred since January 2015
- The decline is likely to continue as the driving season comes to an end
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- Retail diesel prices fell by 52.3c in the last four weeks to $4.909/Gal. About 45% 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 0.8 MMBbl/d for the week ending August 12, and are about 23% below the five-year average for this time of year
- Diesel fetches the biggest premium to crude oil for this time of year (BBG)
- The diesel crack spread surpassed $70/Bbl this week, making it the highest for this time of year since 1986
- The crack spread was less than $20/Bbl at the same period last year
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