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· One min read
Gabriel Smadi

Summary

Crude oil benchmarks are trend downwards with US WTI marking at around $80 per barrel today.

As seen by wholesale fuel prices collected by DACO on July 16th, wholesale diesel prices mark around $3.17 per gallon on average. We see a reported low of $3.07 per gallon (BVI Gas Inc.) and a high of $3.28 per gallon (Mobil, Total).

Wholesale gasoline prices on average marked around $3.23 per gallon, with a low of $3.14 per gallon (Bita's Fuel Corp.) and a high of $3.32 per gallon (Texaco).

ProductAverage ($/gallon)Low ($/gallon)High ($/gallon)
Wholesale Diesel3.173.063.28
Wholesale Gasoline (Regular)3.233.143.32

Wholesale Diesel (Puerto Rico)

Wholesale Diesel Prices

Wholesale Diesel Trend

Wholesale Diesel v NY USDL Futures

Wholesale Gasoline (Puerto Rico)

Wholesale Gasoline Prices

Wholesale Gasoline Trend

Wholesale Gasoline v RB Gasoline Futures

Crude Oil Benchmarks

Oil Benchmarks

References

· 2 min read
Gabriel Smadi

What to expect

Caught midway through the summer season, we see crude oil benchmarks remain steady with US WTI around $82 per barrel and Brent at $84 per barrel. Early July we saw a spike in crude oil and local fuel prices and then a gradual decline. We believe more upward price activity is possible given what we have left for the summer and additional demand dynamics that can play out. In other words, we dont expect fuel prices to have reached a peak for the summer just yet.

Wholesale Diesel Trend with NY ULSD

Wholesale Gasoline Trend with RB

Highlights

  • Gasoline Index Decline and Inflation Trends in June: The gasoline index fell by 3.8% in June, following a 3.6% decline in May, effectively offsetting an increase in shelter costs, according to the BLS. Overall headline inflation decreased by 0.1% month-over-month and increased by 3.0% year-over-year in June, showing a deceleration from the 3.3% annual rise in May.
  • OPEC Maintains Robust Oil Demand Forecast for 2024 : OPEC has maintained its strong oil demand forecast for 2024, predicting an increase of 2.25 million barrels per day driven by economic expansion and a resurgence in air travel. Yahoo Finance's Ines Ferr provides details from OPEC's report and the International Energy Agency's (IEA) contrasting outlook. While OPEC does not foresee peak oil demand this decade, BP's report predicts a peak in 2025 at 102 million barrels per day. The IEA expects 2024 demand growth to be lower than OPEC's forecast and sees peak demand by 2029 at 106 million barrels per day.
  • Energy Sector Under Pressure Due to Tropical Storm Beryl: The energy sector (XLE) opened under pressure in Tuesday's trading session, driven by a decline in crude oil futures after tropical storm Beryl made landfall in Texas. Despite initial concerns, the storm caused less damage than expected, and refining operations are resuming. WTI crude remains up 5% over the past month, while Brent crude is at $85.29. BP and Exxon have lowered expectations for refiner margins, anticipating significant profit hits in the coming weeks as earnings reports are released.

Crude Oil Benchmarks

Oil Benchmarks

References

· One min read
Gabriel Smadi

Summary

Crude oil in the US closed the trading session yesterday for the week at $82 per barrel.

As seen by wholesale fuel prices collected by DACO on July 13th, wholesale diesel prices mark around $3.18 per gallon on average. We see a reported low of $3.07 per gallon (76 / Phillips) and a high of $3.28 per gallon (Mobil, Total).

Wholesale gasoline prices on average marked around $3.25 per gallon, with a low of $3.16 per gallon (76 / Phillips) and a high of $3.34 per gallon (Texaco).

ProductAverage ($/gallon)Low ($/gallon)High ($/gallon)
Wholesale Diesel3.183.073.28
Wholesale Gasoline (Regular)3.253.163.34

Wholesale Diesel (Puerto Rico)

Wholesale Diesel Prices

Wholesale Diesel Trend

Wholesale Diesel v NY USDL Futures

Wholesale Gasoline (Puerto Rico)

Wholesale Gasoline Prices

Wholesale Gasoline Trend

Wholesale Gasoline v RB Gasoline Futures

Crude Oil Benchmarks

Oil Benchmarks

References

· One min read
Gabriel Smadi

Summary

Crude oil benchmarks close slghtly up for the week, with US WTI marking $83 per barrel.

As seen by wholesale fuel prices collected by DACO on July 12th, wholesale diesel prices mark around $3.18 per gallon on average. We see a reported low of $3.08 per gallon (76 / Phillips) and a high of $3.28 per gallon (Mobil, Total).

Wholesale gasoline prices on average marked around $3.25 per gallon, with a low of $3.17 per gallon (76 / Phillips, BVI Gas Inc.) and a high of $3.34 per gallon (Texaco).

ProductAverage ($/gallon)Low ($/gallon)High ($/gallon)
Wholesale Diesel3.183.083.28
Wholesale Gasoline (Regular)3.253.173.34

Wholesale Diesel (Puerto Rico)

Wholesale Diesel Prices

Wholesale Diesel Trend

Wholesale Diesel v NY USDL Futures

Wholesale Gasoline (Puerto Rico)

Wholesale Gasoline Prices

Wholesale Gasoline Trend

Wholesale Gasoline v RB Gasoline Futures

Crude Oil Benchmarks

Oil Benchmarks

References

· One min read
Gabriel Smadi

Summary

Crude oil benchamarks move slightly upwards today. US WTI marks at around $82 per barrel. Wholesale fuel prices saw minor declines.

As seen by wholesale fuel prices collected by DACO on July 11th, wholesale diesel prices mark around $3.18 per gallon on average. We see a reported low of $3.08 per gallon (76 / Phillips) and a high of $3.28 per gallon (Mobil, Total).

Wholesale gasoline prices on average marked around $3.24 per gallon, with a low of $3.15 per gallon (BVI Gas Inc.) and a high of $3.34 per gallon (Texaco).

ProductAverage ($/gallon)Low ($/gallon)High ($/gallon)
Wholesale Diesel3.183.083.28
Wholesale Gasoline (Regular)3.243.153.34

Wholesale Diesel (Puerto Rico)

Wholesale Diesel Prices

Wholesale Diesel Trend

Wholesale Diesel v NY USDL Futures

Wholesale Gasoline (Puerto Rico)

Wholesale Gasoline Prices

Wholesale Gasoline Trend

Wholesale Gasoline v RB Gasoline Futures

Crude Oil Benchmarks

Oil Benchmarks

References

· One min read
Gabriel Smadi

Summary

We continue to observe downward pressure on crude oil and fuel prices. US WTI remains at around $81 per barrel.

As seen by wholesale fuel prices collected by DACO on July 10th, wholesale diesel prices mark around $3.18 per gallon on average. We see a reported low of $3.08 per gallon (76 / Phillips) and a high of $3.30 per gallon (Total).

Wholesale gasoline prices on average marked around $3.27 per gallon, with a low of $3.18 per gallon (BVI Gas Inc., 76 / Phillips) and a high of $3.36 per gallon (Texaco, Total).

ProductAverage ($/gallon)Low ($/gallon)High ($/gallon)
Wholesale Diesel3.183.083.30
Wholesale Gasoline (Regular)3.273.183.36

Wholesale Diesel (Puerto Rico)

Wholesale Diesel Prices

Wholesale Diesel Trend

Wholesale Diesel v NY USDL Futures

Wholesale Gasoline (Puerto Rico)

Wholesale Gasoline Prices

Wholesale Gasoline Trend

Wholesale Gasoline v RB Gasoline Futures

Crude Oil Benchmarks

Oil Benchmarks

References

· One min read
Gabriel Smadi

Summary

We see some relief for crude oil bencharmarks and local fuel prices (both wholesale and retail). US WTI currently trades at around $81 per barrel.

As seen by wholesale fuel prices collected by DACO on July 9th, wholesale diesel prices mark around $3.22 per gallon on average. We see a reported low of $3.11 per gallon (76 / Phillips) and a high of $3.32 per gallon (Mobil).

Wholesale gasoline prices on average marked around $3.27 per gallon, with a low of $3.18 per gallon (BVI Gas Inc.) and a high of $3.36 per gallon (Texaco, Total).

ProductAverage ($/gallon)Low ($/gallon)High ($/gallon)
Wholesale Diesel3.223.113.32
Wholesale Gasoline (Regular)3.273.183.36

Wholesale Diesel (Puerto Rico)

Wholesale Diesel Prices

Wholesale Diesel Trend

Wholesale Diesel v NY USDL Futures

Wholesale Gasoline (Puerto Rico)

Wholesale Gasoline Prices

Wholesale Gasoline Trend

Wholesale Gasoline v RB Gasoline Futures

Crude Oil Benchmarks

Oil Benchmarks

References

· One min read
Gabriel Smadi

Summary

Crude oil benchmakrs remained steady throughout the week, with crude oil in the US closing at $83 per barrel. Wholesale fuel today marked lower across products.

As seen by wholesale fuel prices collected by DACO on July 6th, wholesale diesel prices mark around $3.24 per gallon on average. We see a reported low of $3.13 per gallon (Bita's Fuel Corp.) and a high of $3.33 per gallon (Mobil).

Wholesale gasoline prices on average marked around $3.29 per gallon, with a low of $3.20 per gallon (BVI Gas Inc.) and a high of $3.38 per gallon (Texaco, Total).

ProductAverage ($/gallon)Low ($/gallon)High ($/gallon)
Wholesale Diesel3.243.133.33
Wholesale Gasoline (Regular)3.293.203.38

Wholesale Diesel (Puerto Rico)

Wholesale Diesel Prices

Wholesale Diesel Trend

Wholesale Diesel v NY USDL Futures

Wholesale Gasoline (Puerto Rico)

Wholesale Gasoline Prices

Wholesale Gasoline Trend

Wholesale Gasoline v RB Gasoline Futures

Crude Oil Benchmarks

Oil Benchmarks

References

· One min read
Gabriel Smadi

Summary

Crude oil in the US currently trades at $83 per barrel for the last day of the week.

As seen by wholesale fuel prices collected by DACO on July 5th, wholesale diesel prices mark around $3.25 per gallon on average. We see a reported low of $3.15 per gallon (76 / Phillips) and a high of $3.34 per gallon (Texaco, Total).

Wholesale gasoline prices on average marked around $3.32 per gallon, with a low of $3.23 per gallon (76 / Phillips) and a high of $3.41 per gallon (Texaco, Total).

ProductAverage ($/gallon)Low ($/gallon)High ($/gallon)
Wholesale Diesel3.253.153.34
Wholesale Gasoline (Regular)3.323.233.41

Wholesale Diesel (Puerto Rico)

Wholesale Diesel Prices

Wholesale Diesel Trend

Wholesale Diesel v NY USDL Futures

Wholesale Gasoline (Puerto Rico)

Wholesale Gasoline Prices

Wholesale Gasoline Trend

Wholesale Gasoline v RB Gasoline Futures

Crude Oil Benchmarks

Oil Benchmarks

References

· One min read
Gabriel Smadi

Summary

Crude oil in the US hovers around $83 per barrel today.

As seen by wholesale fuel prices collected by DACO on July 4th, wholesale diesel prices mark around $3.26 per gallon on average. We see a reported low of $3.16 per gallon (76 / Phillips) and a high of $3.34 per gallon (Texaco, Total).

Wholesale gasoline prices on average marked around $3.32 per gallon, with a low of $3.23 per gallon (Bitas Fuel Corp.) and a high of $3.41 per gallon (Texaco, Total).

ProductAverage ($/gallon)Low ($/gallon)High ($/gallon)
Wholesale Diesel3.263.163.34
Wholesale Gasoline (Regular)3.323.233.41

Wholesale Diesel (Puerto Rico)

Wholesale Diesel Prices

Wholesale Diesel Trend

Wholesale Diesel v NY USDL Futures

Wholesale Gasoline (Puerto Rico)

Wholesale Gasoline Prices

Wholesale Gasoline Trend

Wholesale Gasoline v RB Gasoline Futures

Crude Oil Benchmarks

Oil Benchmarks

References