- Retailer regular gasoline prices fell by 2.2c in the last four weeks to $3.596/Gal. About 49% 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 1.1 MMBbl for the week ending July 14 and are about 7% below the five-year average for this time of year
- Gasoline futures soar to nine-month high after Exxon refinery outage (Bloomberg)
- US gasoline futures reached a nine-month high on Monday following an unexpected outage at Exxon Mobil's Baton Rouge refinery, stoking supply worries as demand strengthens
- Front-month Nymex RBOB surged 3.3% to $2.8951/gal, the highest since last October, while the 3-2-1 crack, a crude-to-fuel profitability measure, soared to its highest since March
- One of the refinery's two catalytic cracker units, each with a capacity of 0.24 MMBbl/d, has been offline since Thursday and is expected to be down for several weeks
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- Retail diesel prices fell by 1.6c in the last four weeks to $3.905/Gal. About 45% 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 0.6 MMBbl for the week ending July 14 and are about 14% below the five-year average for this time of year
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