Summary
US West Texas Intermediate (WTI), as monitored via CL=F futures contract price, has remained most of the week around the $78 per barrel range after briefly reaching $80 per barrel last week.
As seen by wholesale fuel prices collected by DACO on March 9th, wholesale diesel prices mark around $3.37 per gallon on average. Diesel prices have mostly remained around the $3.40 range most of the week. For today, we see a reported low of $3.23 per gallon (BVI Gas Inc.) and a high of $3.51 per gallon (Texaco, Total).
Wholesale gasoline prices on average marked around $3.17 per gallon, with a low of $3.08 per gallon (BVI Gas Inc.) and a high of $3.28 per gallon (Mobil, Texaco). Over the last 90 days, we are seeing a slight upward trend for wholesale gasoline prices where December 2023 a gallon marked $2.80 and current prices are around $3.20 owe gallon. We are expecting a continuation of this trend as we enter the summer.