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The Ghost Haunting My House is Cool AF w/ @jennmarsala
DOE has announced it has found a home for the last 40 million barrels of oil authorized earlier this year, completing the 172 million barrel sale. This will potentially lead the SPR to fall under 250 million barrels in the weeks ahead, depending on timing of exchanges.
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fuel maps updated- who's seeing the largest YoY price differences? Link in bio- here's the diesel map
47 of 50 states are seeing #gasprices# lower today than a week ago- big drops in cycling states (FL, MI, OH, WI). 17 states that are averaging less than $4/gal, more could join in the next 2 weeks if geopolitical tensions continue to cool, or if they reverse, we could go back up.
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Great Lakes diesel continues to see a rally that would lead me to believe a diesel-producing unit is seeing impact in the region. wholesale ULSD is up over 80c/gal this week, which may lead retail prices to halt their decline, or see some increases in MI, IN, OH, IL, WI
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The national average price of gasoline has slipped to $4.19/gal, its lowest level since early September, while prices are still $1.15/gal higher than a year ago. Diesel holding at $6.31/gal. Avg gas price may fall close to $4/gal in the next couple weeks if nothing changes.
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good to see lots of regions with 30-day lows for wholesale gasoline prices: Great Lakes, Plains, PacNW... watch for further declines to retail gas prices in these areas
oil mkt summary (10/29): Dec WTI -78c to $102, Brent -44c to $114.88 after a Vance letter to Iran revived hopes for peace talks. ULSD -7.9c to $4.74, RBOB +1.2c to $3.19. Great Lakes diesel surged up 30c to $5.56.
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seeing broad relief in whlsle gasoline prices, plenty of states could eventually fall below $4/gal in the weeks ahead as refinery maintenance wraps up and so long as there aren't new attacks on global refining output. diesel could also come closer to falling back below $6.
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