ALERT: #GasPrices appear to be rising to $3.85/gal in #Michigan today. The increase from the last cycle is unwarranted from the last hike.

EIA data, week ending 4/19
Crude oil: -6.4M
Domestic prod: 13.1MMbpd
SPR: +0.8M
Cushing: -0.6M
Gasoline: -0.6M
Impld mogas demand: 8.42Mbpd
Distillates: +1.6M
Refiner utilz: 88.5%
Total exports: 12.1MMbpd
GasBuddy mogas demand: 8.82Mbpd (wk ending 4/20)
#oil #OOTT #gasbuddy #eia

Neighborhood gas station in Barcelona. Current gas price (no regular listed- just 95 RON/91 US AKI premium) is $7.31/gal! 😳 Is Joe prez here too? 😂🤦‍♂️

You saw what happened to the Bulls when they’re up against the Heat, right? 🔥

Rising demand alone isn’t enough to maintain momentum. The changeover to summer gasoline is complete, the absence of that catalyst is big. Refinery maintenance is wrapping up, & soon, only increasing demand, which has been disappointing, is left. Air is coming out of the ballon.

Confidence grows that #gasprices likely have hit their seasonal peaks. Typical caveats apply, but I’d say I’m 85% sure most Americans will see #gasprices gently fall in the weeks ahead of Memorial Day.

More red everyday means we’re more likely past our peak national average #gasprices Oil and gasoline spots down again today!

“wE dON’t nEed fOSsiL fUeLS” —>U.S. natural gas consumption set annual and monthly records during 2023 eia.gov/todayinenergy/…

here’s what would have been my incoming plane, which diverted to KEF earlier today as AA91 and is hours late due to medical emergency 😔. Off to LHR on a B789 for some downtime.

Can’t take the “gas savings” seriously, Elon, you think EV guys have any idea of the future of #gasprices ? My phone didn’t ring… #justsayin

How will the shift to EVs affect gas prices for gas-powered vehicles?

Patrick De Haan, Patrick De Haan ⛽️📊, talks to J.D. Durkin from TheStreet on that topic.

#NewsInOneMinute newsnetmedia.com/clip/15464711/…

#GasPrices had been surging in the mid-Atlantic and NE USA markets because of the change to summer gasoline. Most of the increase should be behind us, and while there may be slight increases, we should be done with the rise (due to the switch) by later this week.

US Unlikely to Enforce #Iran Sanctions in Election Year: Analyst
#oott

bloomberg.com/news/articles/…

#China : crude imports by origin in mbpd based on data of customs office #oott

RBOB gasoline continues to be in the red... giving more certainty that the top to #gasprices has already occurred.... not yet ready to 100% call it.

GAS PRICES INCH UP; END OF THE RISE COULD BE NEAR, by Patrick De Haan ⛽️📊 open.substack.com/pub/gaspricegu…

everyone was too high- the answer: just 102 confirmed passengers. economy has just 61 seats of 234 taken. (watch 'em cancel my flight now) good thing jet fuel at ORD is less than $3/gal

Taking your guesses: flying ORD-LHR this evening on a 787-9, how many passengers do you think are confirmed? Total capacity 285.

The most common gas price in the US jumped 20c/gal from last week and is now $3.59/gal, followed by $3.39
$3.29
$3.49
$3.69
Median price: $3.49/gal
Average price: $3.64/gal
Bottom 10% avg: $3.02
Top 10% avg: $5.12

BREAKING: According to GasBuddy data, weekly (Sun-Sat) US gasoline demand rose 2.3% from the prior week and was 0.94% above the four week average. We model US gasoline demand at 8.82mbpd, the second highest weekly figure of 2024.