Summary​

Crude oil in the US is seen trading at around $77 per barrel today, its lowest point for this week.

As seen by wholesale fuel prices collected by DACO on May 31th, wholesale diesel prices mark around $3.09 per gallon on average. We see a reported low of $2.97 per gallon (American Petroleum, BVI Gas Inc.) and a high of $3.21 per gallon (Texaco, Total).

Wholesale gasoline prices on average marked around $3.23 per gallon, with a low of $3.14 per gallon (BVI Gas Inc.) and a high of $3.32 per gallon (Texaco).

Wholesale Diesel (Puerto Rico)​

Wholesale Gasoline (Puerto Rico)​

Crude Oil Benchmarks​

References​

• Datos de Combustible - DACO
• Crude Oil Futures via Yahoo Finance
• OPEC Reference Basket Price

Summary​

US West Texas Intermediate (WTI) trades at around $79 per barrel today.

As seen by wholesale fuel prices collected by DACO on May 30th, wholesale diesel prices mark around $3.13 per gallon on average. We see a reported low of $3.02 per gallon (American Petroleum, BVI Gas Inc.) and a high of $3.28 per gallon (Texaco).

Wholesale gasoline prices on average marked around $3.23 per gallon, with a low of $3.14 per gallon (BVI Gas Inc.) and a high of $3.32 per gallon (Texaco).

Wholesale Diesel (Puerto Rico)​

Wholesale Gasoline (Puerto Rico)​

Crude Oil Benchmarks​

References​

• Datos de Combustible - DACO
• Crude Oil Futures via Yahoo Finance
• OPEC Reference Basket Price

Summary​

US West Texas Intermediate (WTI) trades at around $80 per barrel today, seeing a marked uptick over last few days.

As seen by wholesale fuel prices collected by DACO on May 29th, wholesale diesel prices mark around $3.15 per gallon on average. We see a reported low of $3.04 per gallon (American Petroleum) and a high of $3.28 per gallon (Texaco).

Wholesale gasoline prices on average marked around $3.25 per gallon, with a low of $3.18 per gallon (BVI Gas Inc.) and a high of $3.36 per gallon (Mobil).

Wholesale Diesel (Puerto Rico)​

Wholesale Gasoline (Puerto Rico)​

Crude Oil Benchmarks​

References​

• Datos de Combustible - DACO
• Crude Oil Futures via Yahoo Finance
• OPEC Reference Basket Price

Summary​

Crude oil benchmarks see an uptick, with US WTI futures contract due in July trading at $79 today.

As seen by wholesale fuel prices collected by DACO on May 28th, wholesale diesel prices mark around $3.11 per gallon on average. We see a reported low of $3.00 per gallon (BVI Gas Inc.) and a high of $3.24 per gallon (Total).

Wholesale gasoline prices on average marked around $3.23 per gallon, with a low of $3.15 per gallon (BVI Gas Inc.) and a high of $3.32 per gallon (Texaco).

Wholesale Diesel (Puerto Rico)​

Wholesale Gasoline (Puerto Rico)​

Crude Oil Benchmarks​

References​

• Datos de Combustible - DACO
• Crude Oil Futures via Yahoo Finance
• OPEC Reference Basket Price

Summary​

Crude oil in the US closed the trading session yesterday to wrap up the week at $77.72 per barrel.

As seen by wholesale fuel prices collected by DACO on May 25th, wholesale diesel prices mark around $3.11 per gallon on average. We see a reported low of $3.00 per gallon (BVI Gas Inc.) and a high of $3.24 per gallon (Total).

Wholesale gasoline prices on average marked around $3.23 per gallon, with a low of $3.15 per gallon (BVI Gas Inc.) and a high of $3.32 per gallon (Texaco).

Wholesale Diesel (Puerto Rico)​

Wholesale Gasoline (Puerto Rico)​

Crude Oil Benchmarks​

References​

• Datos de Combustible - DACO
• Crude Oil Futures via Yahoo Finance
• OPEC Reference Basket Price

Summary​

US West Texas Intermediate (WTI) sees a drop currently trading at $76 per barrel since yesterday.

As seen by wholesale fuel prices collected by DACO on May 24th, wholesale diesel prices mark around $3.11 per gallon on average. We see a reported low of $2.99 per gallon (BVI Gas Inc.) and a high of $3.24 per gallon (Total).

Wholesale gasoline prices on average marked around $3.23 per gallon, with a low of $3.14 per gallon (BVI Gas Inc.) and a high of $3.32 per gallon (Texaco).

Wholesale Diesel (Puerto Rico)​

Wholesale Gasoline (Puerto Rico)​

Crude Oil Benchmarks​

References​

• Datos de Combustible - DACO
• Crude Oil Futures via Yahoo Finance
• OPEC Reference Basket Price

Summary​

No major price movement for oil benchmarks, US West Texas Intermediate (WTI) continues to trade at around $78 per barrel.

As seen by wholesale fuel prices collected by DACO on May 23rd, wholesale diesel prices mark around $3.12 per gallon on average. We see a reported low of $3.00 per gallon (BVI Gas Inc.) and a high of $3.28 per gallon (Total).

Wholesale gasoline prices on average marked around $3.23 per gallon, with a low of $3.13 per gallon (BVI Gas Inc.) and a high of $3.32 per gallon (Texaco).

Wholesale Diesel (Puerto Rico)​

Wholesale Gasoline (Puerto Rico)​

Crude Oil Benchmarks​

References​

• Datos de Combustible - DACO
• Crude Oil Futures via Yahoo Finance
• OPEC Reference Basket Price

Summary​

No major price movement for oil benchmarks, US West Texas Intermediate (WTI) continues to trade at around $78 per barrel.

As seen by wholesale fuel prices collected by DACO on May 22nd, wholesale diesel prices mark around $3.15 per gallon on average. We see a reported low of $3.02 per gallon (BVI Gas Inc.) and a high of $3.30 per gallon (Texaco).

Wholesale gasoline prices on average marked around $3.26 per gallon, with a low of $3.19 per gallon (Bita's Fuel Corp.) and a high of $3.36 per gallon (Texaco).

Wholesale Diesel (Puerto Rico)​

Wholesale Gasoline (Puerto Rico)​

Crude Oil Benchmarks​

References​

• Datos de Combustible - DACO
• Crude Oil Futures via Yahoo Finance
• OPEC Reference Basket Price

Summary​

US West Texas Intermediate (WTI) trades today at around $78 per barrel.

As seen by wholesale fuel prices collected by DACO on May 21st, wholesale diesel prices mark around $3.17 per gallon on average. We see a reported low of $3.06 per gallon (BVI Gas Inc.) and a high of $3.32 per gallon (Texaco).

Wholesale gasoline prices on average marked around $3.29 per gallon, with a low of $3.21 per gallon (76 / Phillips) and a high of $3.40 per gallon (Texaco).

Wholesale Diesel (Puerto Rico)​

Wholesale Gasoline (Puerto Rico)​

Crude Oil Benchmarks​

References​

• Datos de Combustible - DACO
• Crude Oil Futures via Yahoo Finance
• OPEC Reference Basket Price

What to expect​

Crude oil benchmarks and fuel prices have been mostly stable this past week with mild volatility. We expect to continue seeing this behavior with some slight price increases due to expected drops in refining capacity in the US.

Highlights​

• Falling refining capacity could lead to higher gas prices this summer: Less refining capacity has STEO forecasts with an additional $0.10 to a gallon of gasoline at $3.70 this summer, current US average is at $3.60 per gallon.

  "US retail gasoline prices will average about $3.70 per gallon for the summer driving season, which runs from May to September when the United States will have 3%, or 620,000 barrels per day less refinery capacity compared with the 2019 peak" Report by Energy Information Administration

• Inflation decelerates but gas pirces had an uptick: Gas prices rose 2.8% over the prior month in April, up from the 1.5% monthly increase seen in March.

  "Overall, gasoline and shelter combined accounted for over 70% of the monthly increase in the Consumer Price Index (CPI), which rose 0.3% over the prior month in April. Over the prior year, gas prices rose 1.2% while the headline CPI rose 3.4%." - BLS

• Shift from geopolitics to seasonal dynamics: Geopolitical impact on crude oil supplies unwinds having seasonal production and demand kick gears as main driver of prices

  "While the Middle East unrest and Russian/Ukraine issues will linger, with no real supply issues being noted the trade will focus more on seasonal demand and production numbers," - Dennis Kissler, senior vice president at BOK Financial

Crude Oil Benchmarks​

References​

• https://finance.yahoo.com/quote/CL%3DF
• https://finance.yahoo.com/quote/RB=F/
• https://www.eia.gov/todayinenergy/detail.php?id=62064
• https://finance.yahoo.com/news/gas-prices-expected-to-jump-this-summer-on-refinery-constraints-153129964.html
• https://finance.yahoo.com/news/gas-price-increases-accelerate-in-april-as-overall-inflation-pressures-ease-135310738.html