I Don't Even Know Where To Begin, Part Four -- November 24, 2021

Disarray: on November 14, 2021, I briefly mentioned the competing factions in the White House. It was a throwaway. Now, Powerline addresses the subject. Fascinating. Can you imagine how inexperienced the Kamala Harris staff is with regard to Washington, DC?

EIA weekly petroleum report: link here.

• US refiners operating at 88.6% of their capacity.
• US crude oil in storage: yawn.
  
• US crude oil in storage increased a bit: yawn.
  
• Distillate fuel: decreased again. Yawn.
  
• Jet fuel supplied: up 40% compared to a year ago; again, the real metric is to compare with 2020.
  

Automobile energy costs, link here, most recent data, October, 2021, data. 

Note:

• gasoline:
• Texas: least expensive gasoline among the 57 states
• California: most expensive gasoline; any surprises so far?
• at $2.89, Texans are paying a buckandahalf less for each gallon of gasoline than Californians
• Arizona: right next door to California, about as inexpensive as Texas
• look at the cost of eGallons! North Dakota is almost the least expensive, coming in #3 behind Oklahoma and Missouri:
• North Dakota: 85 cents per eGallon (think lignite)
• my condolences to those in New England who are charging their Teslas (I had to laugh; a reader recently suggested their rates were fine; LOL)
• ISO NE:
• Rhode Island is number two (behind Hawaii, an outlier): $2.05 (again, compare to Lignite, ND, at 85 cents / eGallon
• Massachusetts: $.196, number four behind Alaska, another outlier; take the outliers out and Rhode Island and Massachusetts are more expensive among the 57 states
• then California, #3;
• then Connecticut, Vermont, New Hampshire, New York, and Maine
• wow
• but this is the bigger story: the price of an eGallon in New England is more expensive than the "normal" price of gasoline in Texas.