- Retail regular gasoline prices rose by 2.4c in the last four weeks to $3.471Gal. About 55% 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 3.3 MMBbl for the week ending July 12 and are slightly above the five-year average for this time of year
- Russia Reimposes Gasoline Export Ban From August 1 (Bloomberg)
- Russia plans to reimpose a gasoline-export ban for August as scheduled
- The ban may extend to September and October depending on domestic supply and demand, according to Deputy Prime Minister Alexander Novak
- The decision by Russia's Energy Ministry on extending the export ban will be based on the country's internal fuel availability
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- Retail diesel prices fell by 2.3c to $3.779/Gal in the last four weeks. About 51% 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 3.5 MMBbl for the week ending July 12 and are about 7% below the five-year average for this time of year
- Exxon Chicago-Area Reinery Still Shuttered a Week After Tornado (Bloomberg)
- Exxon Mobil's Joliet refinery in Illinois remains closed and without power a week after losing electricity during a tornado
- The full extent of damage at the 252 MBbl/d refinery will be assessed once power is restored, according to a spokeswoman
- The refinery, which shut down completely on July 15, is collaborating with federal, state, and local emergency planning authorities to expedite recovery efforts
- Primarily processing Canadian crude via the Mustang pipeline, jointly operated with Enbridge, the refinery's operations hinge on restoring supply from Enbridge's Line 6, which delivers Canadian crude to the facility
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