- Retail regular gasoline prices fell by 10.8c in the last four weeks to $3.796/Gal. About 56% of the change was due to the price of crude oil, while the remainder was the 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 1.3 MMBbl/d for the week ending October 28 and are about 6% below the five-year average for this time of year
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- Retail diesel prices rose by 34.8c in the last four weeks to $5.333/Gal. About 42% of the change was due to the price of crude oil, while the remainder was the 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 0.4 MMBbl/d for the week ending October 28 and are about 19% below the five-year average for this time of year
- Diesel inventories showed signs of improvement last week
- Domestic supplies of distillates, which include diesel and heating oil, stand at 106.8 MMBbl as of the week ended on Oct. 28
- AEGIS notes that the diesel fuel supply might be very tight going into winter amid increasing demand and as sanctions on Russian oil materialize
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