Transportation Fuels First Look - US gasoline prices rise for second week in a row

• 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 1.5 MMBbl for the week ending September 20 and are 1% below the five-year average for this time of year

US gasoline prices rise for second week in a row

• The US national average gasoline price rose by 1.4c from last week to $3.17/gal

• Refinery maintenance and operational issues have delayed price reductions in some states, but 18 states currently have sub $3/gal averages, a number expected to increase in the coming weeks, according to GasBuddy

• Hurricane Helene caused local distribution issues but did not significantly impact fuel production, and weak oil prices may lead to a sub-$3 national average once refinery maintenance concludes

• 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 2.2 MMBbl for the week ending September 20 and are about 9% below the five-year average for this time of year