US Gasoline Use Update

 

The EIA's Weekly Petroleum Status Report showed a 4.9 percent increase in gasoline disappearance from the level recorded for the same week of July in 2015. Adjusted for the likely underreporting of exports, the weekly increase is 4.6 percent. Year to date, the EIA shows in increase in gasoline disappearance over 2015 of 3.7 percent. Adjusted for the likely underreporting of exports, this increase is 1.2 percent.

7/15/2016
50.37
PKVerleger LLC calculates the value of sweet crude based on New York Harbor product prices.
An Einstein Moment (July 25, 2016) -- “Insanity” Albert Einstein purportedly said, is “doing the same thing over and over and expecting different results.” By this definition, the oil industry seems certifiably insane.

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