just need to check my calendar to know that this is pretty spot on. naturally, #gasprices become more a conversation when 1) they're high 2) they're moving 3) holidays and we're traveling

1/ Neale Mahoney and I are back at it, along with our wonderfully talented colleague Giacomo Fraccaroli, examining Bad News Bias in gas prices. Using a dataset of over 1.1 million transcripts from 2004-2023, we make several new findings.

briefingbook.info/p/bad-news-bia…

NATIONAL AVERAGE SLIPS SLIGHTLY FOR SECOND STRAIGHT WEEK, by Patrick De Haan ⛽️📊 open.substack.com/pub/gaspricegu…

Tic tac toe, two in a row! The national average price of gasoline has fallen to $3.62/gal, a penny decline from last week, while diesel has fallen 3.4 cents to $3.94/gal.

The national average is likely to have declined for a second straight week... official numbers coming tomorrow morning. #gasprices

Truckers celebrate: the national average price of diesel is at it's lowest differential to gasoline since last August: 30c/gal (average for diesel $3.94, gasoline $3.64)

BREAKING: According to GasBuddy data, weekly (Sun-Sat) US gasoline demand rose 0.2% last week and was 0.6% above the four week moving average. We model US gasoline demand at 8.719mbpd.

Absolute banger of an article on Dangote and refining capacity globally! 90s Random Consultant Crack(ers) Shubham Garg

rbnenergy.com/almost-there-n…

Sources tell me that maintenance at ExxonMobil's Joliet, IL refinery appears to be in the closing innings.

Q1 was the “largest decline on record.”

My own visualization of the many different (switches) that drive #gasprices , and basically, how much the WH and states can have an impact- small, considering the amount of switches. The most restrictive the state (California) has slightly more control, because it could ease said…

Here is the *truth* of the SPR level, using a fair axis, going back to the first week of tracked data on the reserve's level. Stop sharing part of the story, and share the truth: the SPR is over half full (366 million barrels), and is up ~20 million barrels since last July, and…

CONTEXT is *everything*. Neutral analysis means both these graphics lack context and suck. SPR declining (left) makes it look like we have no SPR left. Well, I created the equivalent of the SPR since last July in similar (poor) context on the right.