- Retail regular gasoline prices fell by 9.4c in the last four weeks to $3.073/Gal. About 57% 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 10.9 MMBbl for the week ending December 29 and are sloghtly the five-year average for this time of year
- Motiva starts planned maintenance at 626 MBbl/d Port Arthur Refinery (Reuters)
- The large crude distillation unit (CDU) and coker at Motiva Enterprises' 626 MBbl/d Port Arthur, Texas refinery were shut down on Monday
The 350 MBbl/d VPS-5 CDU and 110 MBbl/d DCU-2 coker are set for a 45-day planned overhaul
- Port Arthur Refinery produces conventional gasoline, commercial aviation fuel, ULSD, Export (High Cetane) Diesel and Texas Low Emissions Diesel, which are used in commercial sales, the trucking industry and in heavy-duty machinery
- Motiva advanced the overhaul from March to January to prevent unplanned shutdowns due to potential equipment failure on DCU-2
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- Retail diesel prices fell by 30.1c in the last four weeks to $3.828/Gal. About 44% 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 10.1 MMBbl for the week ending December 29 and are about 6% below the five-year average for this time of year
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