The DOE report again was a let down. Refineries are still operating
with utilization that is too low (86%). Gasoline production is
increasing slightly, but not enough.
Oil stockpiles climbed 1.4 million barrels. Gasoline fell 1.9 million barrels, and distillates fell 3.8 million barrels.
Midwest PADD is doing good at 55.5 million barrels (which tells me our huge Whiting, Indiana refinery is producing all out).
Look for wholesale prices to climb a few cents today.
powered by performancing firefox