Retail regular gasoline prices rose by 55.4c in the last 4 weeks. About 60% of the change was due to increases in crude oil prices, while the remainder was refinery margin
Scroll down for a chart of the RBOB-WTI crack spread, a measure of refinery margin. It shows extremely elevated cracks this year
Total motor gasoline inventories decreased by 0.8 MMBbl/d for the week ending June 3, and are about 10% below the five-year average for this time of year
Retail diesel prices rose by 15.3c in the last 4 weeks. About 49% of the change was due to increases in crude oil prices, while the remainder was refinery margin
Scroll down for a chart of the NY Harbor ULSD-WTI crack spread, a measure of refinery margin. It shows extremely elevated cracks this year
Distillate fuel inventories increased by 2.6 MMBbl/d for the week ending June 3, and are about 23% below the five-year average for this time of year
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