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· One min read
Gabriel Smadi

Summary

US WTI crude oil remains at $81 per barrel for the last trading day of the week.

As seen by wholesale fuel prices collected by DACO on June 21th, wholesale diesel prices mark around $3.18 per gallon on average. We see a reported low of $3.10 per gallon (BVI Gas Inc.) and a high of $3.26 per gallon (Texaco).

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 Diesel3.183.103.26
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

US WTI crude oil trades today at around $81 per barrel.

As seen by wholesale fuel prices collected by DACO on June 20th, wholesale diesel prices mark around $3.17 per gallon on average. We see a reported low of $3.10 per gallon (BVI Gas Inc.) and a high of $3.26 per gallon (Texaco).

Wholesale gasoline prices on average marked around $3.22 per gallon, with a low of $3.13 per gallon (BVI Gas Inc.) and a high of $3.34 per gallon (Texaco).

ProductAverage ($/gallon)Low ($/gallon)High ($/gallon)
Wholesale Diesel3.173.103.26
Wholesale Gasoline (Regular)3.223.133.34

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 continue their upward trend influencing local wholesale fuel prices. US WTI currentlly trades at $81.48 per barrel.

As seen by wholesale fuel prices collected by DACO on June 19th, wholesale diesel prices mark around $3.17 per gallon on average. We see a reported low of $3.10 per gallon (76 / Phillips) and a high of $3.26 per gallon (Texaco).

Wholesale gasoline prices on average marked around $3.22 per gallon, with a low of $3.13 per gallon (76 / Phillips) and a high of $3.34 per gallon (Texaco).

ProductAverage ($/gallon)Low ($/gallon)High ($/gallon)
Wholesale Diesel3.173.103.26
Wholesale Gasoline (Regular)3.223.133.34

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 start the week on an uptick with US WTI currently trading at $80 per barrel and international Brent at $84 per barrel. Local wholesale fuel prices follow the trend.

As seen by wholesale fuel prices collected by DACO on June 18th, wholesale diesel prices mark around $3.15 per gallon on average. We see a reported low of $3.08 per gallon (76 / Phillips) and a high of $3.23 per gallon (Texaco).

Wholesale gasoline prices on average marked around $3.20 per gallon, with a low of $3.11 per gallon (76 / Phillips) and a high of $3.30 per gallon (Total).

ProductAverage ($/gallon)Low ($/gallon)High ($/gallon)
Wholesale Diesel3.153.083.23
Wholesale Gasoline (Regular)3.203.113.30

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

Crude oil closed off the trading session last week at $78 per barrel after we saw a low of $73 per barrel earlier in the month. We continue to monitor crude oil benchmarks and wholesale fuel prices with expectation we are seeing lower numbers but deeper in the the summer we will start seeing un uptick in prices again.

Wholesale Diesel Trend with NY ULSD

Wholesale Gasoline Trend with RB

Highlights

  • Gas prices cool on latest inflation report: Gasoline prices decline in May contributing to a cooling inflation report.

    "The gasoline index declined 3.6% in May on a monthly basis, compared to a 2.8% spike in April. Overall, headline inflation was unchanged from April, down from the previous month's 0.3% gain in prices." - Ines Ferré, Senior Business Reporter at Yahoo Finance

  • Gasoline expectations at the end of summer: Gasoline prices are expected to rise towards the end of the summer on outlook of a busy storm season in the Gulf of Mexico and hightened demand once schools kick into gear.

    "We believe that gasoline will be like a Bactrian camel with two humps. We’re on our way down from the first hump but a second hump may come with intense heat, brisk demand, and hurricane worries in late July and August," - Tom Kloza, global head of energy analysis at OPIS

  • Crude oil surplus by 2030: Falling demand for crude oil and hightened US production has IEA estimating a 8 million barrels per day surplus by 2030.

    "Oil demand will slow before peaking at 106 million barrels per day in 2030, oil production is expected to surge to 114 million barrels per day, that would result in an oversupply of about 8 million barrels. Fossil fuels account for about 80% of global energy supply and by 2030 that's expected to decrease to 73%" - International Energy Agency, Oil 2024 Report

  • Expectations on a crude oil: We have a Brent price target of $86 per barrel by Goldman Sachs during Q3 2024, Citibank goes bearish with a forecast of $60 per barrel for Brent during 2025.

Crude Oil Benchmarks

Oil Benchmarks

References

· One min read
Gabriel Smadi

Summary

US WTI closes the week at around $78 per barrel.

As seen by wholesale fuel prices collected by DACO on June 15th, wholesale diesel prices mark around $3.13 per gallon on average. We see a reported low of $3.07 per gallon (76 / Phillips) and a high of $3.23 per gallon (Texaco).

Wholesale gasoline prices on average marked around $3.17 per gallon, with a low of $3.08 per gallon (76 / Phillips) and a high of $3.26 per gallon (Texaco, Total).

ProductAverage ($/gallon)Low ($/gallon)High ($/gallon)
Wholesale Diesel3.133.073.23
Wholesale Gasoline (Regular)3.173.083.26

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 (WTI) trades today at $78 per barrel, slightly higher compared to yesterday.

As seen by wholesale fuel prices collected by DACO on June 14th, wholesale diesel prices mark around $3.14 per gallon on average. We see a reported low of $3.01 per gallon (Bita's Fuel Corp.) and a high of $3.24 per gallon (Texaco).

Wholesale gasoline prices on average marked around $3.18 per gallon, with a low of $3.10 per gallon (76 / Phillips) and a high of $3.28 per gallon (Texaco, Total).

ProductAverage ($/gallon)Low ($/gallon)High ($/gallon)
Wholesale Diesel3.143.013.24
Wholesale Gasoline (Regular)3.183.103.28

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 (WTI) continue to trade today at $77 per barrel.

As seen by wholesale fuel prices collected by DACO on June 13th, wholesale diesel prices mark around $3.09 per gallon on average. We see a reported low of $2.98 per gallon (76 / Phillips) and a high of $3.21 per gallon (Texaco).

Wholesale gasoline prices on average marked around $3.17 per gallon, with a low of $3.08 per gallon (76 / Phillips) and a high of $3.26 per gallon (Texaco, Total).

ProductAverage ($/gallon)Low ($/gallon)High ($/gallon)
Wholesale Diesel3.092.983.21
Wholesale Gasoline (Regular)3.173.083.26

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 are on the upside again today, with US WTI currently marking $78 per barrel. No major changes observerved with local wholesale fuel prices.

As seen by wholesale fuel prices collected by DACO on June 12th, wholesale diesel prices mark around $3.09 per gallon on average. We see a reported low of $2.99 per gallon (Bita's Fuel Corp) and a high of $3.21 per gallon (Texaco).

Wholesale gasoline prices on average marked around $3.18 per gallon, with a low of $3.10 per gallon (BVI Gas Inc.) and a high of $3.26 per gallon (Texaco, Total).

ProductAverage ($/gallon)Low ($/gallon)High ($/gallon)
Wholesale Diesel3.092.993.21
Wholesale Gasoline (Regular)3.183.103.26

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 are up again this week, with US WTI currently marking $77 per barrel, up from $75 per barrel last week. Wholesale fuel prices see an uptick as well.

As seen by wholesale fuel prices collected by DACO on June 11th, wholesale diesel prices mark around $3.09 per gallon on average. We see a reported low of $2.99 per gallon (Bita's Fuel Corp) and a high of $3.21 per gallon (Texaco).

Wholesale gasoline prices on average marked around $3.18 per gallon, with a low of $3.10 per gallon (76 / Phillips) and a high of $3.28 per gallon (Total).

ProductAverage ($/gallon)Low ($/gallon)High ($/gallon)
Wholesale Diesel3.092.993.21
Wholesale Gasoline (Regular)3.183.103.28

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