Retail regular gasoline prices fell by 15.4c in the last four weeks to $3.179/Gal. 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 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
Retail diesel prices fell by 15.5c to $3.544/Gal in the last four weeks. About 50% 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 2.2 MMBbl for the week ending September 20 and are about 9% below the five-year average for this time of year
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