Summary
US West Texas Intermediate (WTI) futures contracts begins the trading session today at around $85.24 per barrel, a $2 increase from last close yesterday, which ended the day at $83.71 per barrel. Across crude oil benchmarks, we see similar increases with Brent and OPEC Reference Basket (ORB) marking $87-$88 per barrel. We note these price levels are 3-month highs for the previously mentioned benchmarks.
As seen by wholesale fuel prices collected by DACO on April 2nd, wholesale diesel prices mark around $3.37 per gallon on average. We see a reported low of $3.19 per gallon (American Petroleum) and a high of $3.47 per gallon (Texaco).
Wholesale gasoline prices on average marked around $3.37 per gallon, with a low of $3.31 per gallon (76 / Phillips) and a high of $3.44 per gallon (Peerless Oil).
Product | Average ($/gallon) | Low ($/gallon) | High ($/gallon) |
---|---|---|---|
Wholesale Diesel | 3.34 | 3.19 | 3.47 |
Wholesale Gasoline (Regular) | 3.37 | 3.31 | 3.44 |