- $53.20 (down 28 cents) at 9:21 a.m. CT; report to be released at 9:30 a.m. CT.
- $53.24 (down 24 cents) at 9:321 a.m. CT; report released at 9:30 a.m. CT.
- US crude oil in storage increased by 3.5 million bbls;
- US crude oil in storage now stands at 431.7 million bbls, about 2% below the 5-year average for this time of year
- refiners are operating at an incredibly low 87.2% of their operable capacity; it is rare to see this number drop below 90%
- total products supplied over the last four-week period is down 4% from same period last year
- something not seen often: jet fuel product supplied was actually down, not much, but down by 0.8% -- China travel? Seeing the effect already?
- and look at this, propane/propylene inventories actually decreased by 3.6 million bbls last week but are still almost 30% above the five-year average for this time of year; farmers would be wise to buy larger propane tanks -- along with larger tractors
In North Texas, the DFW area, regular gasoline is easily available below $2.00 / gallon. Lowest price for regular in the metroplex in just outside of Dallas at $1.84 / gallon reported on the radio yesterday. At Gas Buddy today, $1.88.
Re-balancing:
Week
|
Week Ending
|
Change
|
Million Bbls Storage
|
Week 0
|
November 21, 2018
|
4.9
|
446.9
|
Week 1
|
November 28, 2018
|
3.6
|
450.5
|
Week 2
|
December 6, 2018
|
-7.3
|
443.2
|
Week 3
|
December 12, 2018
|
-1.2
|
442.0
|
Week 4
|
December 19, 2018
|
-0.5
|
441.5
|
Week 5
|
December 28, 2018
|
0.0
|
441.4
|
Week 49
|
October 30, 2019
|
5.7
|
438.9
|
Week 50
|
November 6, 2019
|
7.9
|
446.8
|
Week 51
|
November 14, 2019
|
2.2
|
449.0
|
Week 52
|
November 20, 2019
|
1.4
|
450.4
|
Week 53
|
November 27, 2019
|
1.6
|
452.0
|
Week 54
|
December 4, 2019
|
-4.9
|
447.1
|
Week 55
|
December 11, 2019
|
0.8
|
447.9
|
Week 56
|
December 18, 2019
|
-1.1
|
446.8
|
Week 57
|
December 27, 2019
|
-5.5
|
441.4
|
Week 58
|
January 3, 2020
|
-11.5
|
429.9
|
Week 59
|
January 8, 2020
|
1.2
|
431.1
|
Week 60
|
January 15, 2020
|
-2.5
|
428.5
|
Week 61
|
January 23, 2020
|
-0.4
|
428.1
|
Week 62
|
January 29, 2020
|
3.5
|
431.7
|
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