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· One min read
Gabriel Smadi

Summary

Crude oil in the US remains at $82 per barrel.

As seen by wholesale fuel prices collected by DACO on July 3rd, 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 (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

· One min read
Gabriel Smadi

Summary

Crude oil benchmarks see a large spike at the start of the week, with US WTI trading at $84 per barrel. Wholesale fuel and derivatives follow the trend marking higher today as well.

As seen by wholesale fuel prices collected by DACO on July 2nd, wholesale diesel prices mark around $3.25 per gallon on average. We see a reported low of $3.14 per gallon (Bitas Fuel Corp.) and a high of $3.34 per gallon (Texaco, Total).

Wholesale gasoline prices on average marked around $3.31 per gallon, with a low of $3.21 per gallon (Bitas Fuel Corp.) and a high of $3.41 per gallon (Total).

ProductAverage ($/gallon)Low ($/gallon)High ($/gallon)
Wholesale Diesel3.253.143.34
Wholesale Gasoline (Regular)3.313.213.41

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

What to expect

Crude oil benchmarks mark slighly higher and we expect some slight increase the deeper we get into the summer season. Derived fuel products have remained steady throughout last week yet expectations have these marking higher during peak summer months of July and August.

Wholesale Diesel Trend with NY ULSD

Wholesale Gasoline Trend with RB

Highlights

No major highlights during last week.

Crude Oil Benchmarks

Oil Benchmarks

References

· One min read
Gabriel Smadi

Summary

Crude oil benchmarks remian steady throughout the week, with US crude oil mostly hovering around $81 per barrel.

As seen by wholesale fuel prices collected by DACO on June 29th, wholesale diesel prices mark around $3.20 per gallon on average. We see a reported low of $3.11 per gallon (76 / Phillips) and a high of $3.28 per gallon (Texaco).

Wholesale gasoline prices on average marked around $3.26 per gallon, with a low of $3.18 per gallon (76 / Phillips) and a high of $3.36 per gallon (Total).

ProductAverage ($/gallon)Low ($/gallon)High ($/gallon)
Wholesale Diesel3.203.113.28
Wholesale Gasoline (Regular)3.263.183.36

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 benchmarks mark higher today with US WTI now trading at $82 per barrel.

As seen by wholesale fuel prices collected by DACO on June 28th, wholesale diesel prices mark around $3.20 per gallon on average. We see a reported low of $3.11 per gallon (76 / Phillips) and a high of $3.28 per gallon (Texaco).

Wholesale gasoline prices on average marked around $3.26 per gallon, with a low of $3.18 per gallon (76 / Phillips) and a high of $3.36 per gallon (Total).

ProductAverage ($/gallon)Low ($/gallon)High ($/gallon)
Wholesale Diesel3.203.113.28
Wholesale Gasoline (Regular)3.263.183.36

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

US WTI crude oil remains steady at $81 per barrel. Wholesale fuel prices are up across the local market and future contracts.

As seen by wholesale fuel prices collected by DACO on June 27th, wholesale diesel prices mark around $3.20 per gallon on average. We see a reported low of $3.12 per gallon (76 / Phillips) and a high of $3.28 per gallon (Texaco).

Wholesale gasoline prices on average marked around $3.27 per gallon, with a low of $3.18 per gallon (Bita's Fuel Corp) and a high of $3.36 per gallon (Total).

ProductAverage ($/gallon)Low ($/gallon)High ($/gallon)
Wholesale Diesel3.203.123.28
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

US WTI crude oil remains at $81 per barrel. Wholesale gasoline in Puerto Rico and RBOB futures contract price have remained steady since last week.

As seen by wholesale fuel prices collected by DACO on June 26th, wholesale diesel prices mark around $3.18 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 $3.24 per gallon, with a low of $3.15 per gallon (BVI Gas Inc.) and a high of $3.34 per gallon (Total).

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

Crude oil benchmarks mostly stable this week, with futures contract for US WTI (CL=F) marking a barrel of crude oil at $81.

As seen by wholesale fuel prices collected by DACO on June 25th, wholesale diesel prices mark around $3.19 per gallon on average. We see a reported low of $3.12 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 (Total).

ProductAverage ($/gallon)Low ($/gallon)High ($/gallon)
Wholesale Diesel3.193.123.26
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

· 3 min read
Gabriel Smadi

What to expect

We seem to have reached a low for fuel prices and have started witnessing a renewed uptick as we get deeper into the summer season. We expect to continue to see crude oil in the US and across benckmarks to remain stable in their current levels (~$80 per barrel).

Wholesale Diesel Trend with NY ULSD

Wholesale Gasoline Trend with RB

Highlights

  • Crude expected to remain at $80 per barrel: Oil prices are holding above $80 per barrel due to a combination of supply constraints and market dynamics. Key factors include ongoing production cuts by major oil-producing countries and increased summer energy demand. Additionally, market uncertainty about future demand, influenced by global economic conditions and geopolitical tensions, is contributing to price stability at this level.

    "Summer inventory draws should be enough to get Brent back into the high $80s-$90 range by September" - Natasha Kaneva, JPMorgan's head of global commodities strategy

  • Gasoline prices headed for a summer squeeze: The driving season and higher energy consumption for cooling are major factors behind the anticipated price rise. This demand is expected to create a market deficit, pushing prices upward.

    "We expect that healthy consumers and solid summer demand for transportation and cooling will push the market in a sizable Q3 deficit," - Daan Struyven, managing director and head of oil research at Goldman Sachs

  • Gasoline in the US up after 3 week decline: U.S. gasoline prices have risen to a three-week high, driven primarily by increases in the Great Lakes region. The national average price at the pump increased by 1 cent from the previous week, halting a gradual decline. This rise in prices comes despite a backdrop of fluctuating oil prices and varying regional demand and supply dynamics. The increase highlights the sensitivity of gasoline prices to regional market conditions and broader economic factors​

    “Since the national average price of gasoline fell to its lowest June level since 2021 last week, we’ve seen the drop in prices take a break, with some states seeing a small rise over the last week. Thankfully, I expect this to be more like a short timeout, with an eventual return to falling gasoline prices in most states,” - Patrick De Haan, head of petroleum analysis at GasBuddy

  • Strategic Petroleum Reserve (SPR): The U.S. is in the process of refilling its SPR after significant drawdowns in 2022. The Energy Department has initiated new solicitations to purchase oil at favorable prices to replenish these reserves, aiming to stabilize the market​

Crude Oil Benchmarks

Oil Benchmarks

References

· 2 min read
Gabriel Smadi

Summary

Crude oil benchmarks closed the trading week higher the last week but saw some small relief at the end of the week. US WTI closed the current week at $80 per barrel, compared to last week, which closed at $78 per barrel.

As seen by wholesale fuel prices collected by DACO on June 22th, wholesale diesel prices mark around $3.17 per gallon on average. We see a reported low of $3.08 per gallon (BVI Gas Inc.) and a high of $3.24 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 (Total).

ProductAverage ($/gallon)Low ($/gallon)High ($/gallon)
Wholesale Diesel3.173.083.24
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