- Retail regular gasoline prices rose by 12.2c in the last four weeks to $3.596/Gal. About 53% 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 4.1 MMBbl/d for the week ending March 31 and are about 7% below the five-year average for this time of year
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- Retail diesel prices fell by 25.9c in the last four weeks to $4.098/Gal. About 41% 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 fell by 3.6 MMBbl/d for the week ending March 31 and are about 12% below the five-year average for this time of year
- French refinery and dock strikes come to an end, crude unloading resumes (Argus)
- French refinery and port workers end month-long strike over pension rights, resuming crude processing and clearing a backlog of seaborne deliveries
- TotalEnergies' refineries in Donges (0.22 MMBbl/d), Feyzin (0.11 MMBbl/d), and Gonfreville (0.25 MMBbl/d) restarted operations after workers belonging to the CGT union called off their strikes
- ExxonMobil workers have also ended their strike action, with the Port Jerome refinery (0.24 MMBbl/d) and Gravenchon petrochemical unit close to resuming full operations
- Halted seaborne crude and product imports caused draws from oil stocks to meet domestic demand, but rebuilding French diesel stocks could support European diesel demand and imports
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