- Retail regular gasoline prices rose by 29c in the last four weeks to $3.828/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 rose by 1.5 MMBbl for the week ending July 28 and are about 6% below the five-year average for this time of year
|
- Retail diesel prices rose by 39.1c in the last four weeks to $4.239/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 fell by 0.8 MMBbl for the week ending July 28 and are about 15% below the five-year average for this time of year
- Diesel prices surge for a third straight week
- U.S. Retail diesel prices rose by 39.1c in the last four weeks to $4.239/Gal, its highest since mid-March
- Elevated oil prices, tightened supplies, dwindling crude inventories, and recent refinery outages due to summer heat contribute to the mounting fuel costs
- At least four fuel-producing plants in Texas and Louisiana, representing nearly half of the U.S.'s refining capacity, have suffered outages partly due to recent heat
|
