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- Gasoline price is rising steadily all over US. Table is attached to explain. The price has risen despite a fall in crude price.
- The demand for gasoline remains robust and growing in the United States.
- Despite the high capacity utilization by the producers net refiners' volume has fallen to 15, 60,000 barrels per day, a fall of 23% from year earlier. Even a four week average production has fallen by 24% from year ago.
- Though the production cut by crude producers yet to impact prices, the cut & robust demand may be changing the scenario for finished product.
- If the trend is here to stay, it could soon start to effect the inflation prints & move it to more comfortable level for FED to raise interest rate or elevate the future path.
All price data are in dollar/gallon
|
02/09/2015 |
02/16/2015 |
02/23/2015 |
change since 9th |
|
|
U.S. |
2.191 |
2.274 |
2.332 |
6.44% |
|
East Coast |
2.192 |
2.253 |
2.303 |
5.06% |
|
New England |
2.196 |
2.251 |
2.299 |
4.69% |
|
Central Atlantic |
2.274 |
2.314 |
2.368 |
4.13% |
|
Lower Atlantic |
2.129 |
2.208 |
2.255 |
5.92% |
|
Midwest |
2.166 |
2.237 |
2.274 |
4.99% |
|
Gulf Coast |
1.984 |
2.074 |
2.109 |
6.30% |
|
Rocky Mountain |
1.946 |
1.995 |
2.041 |
4.88% |
|
West Coast |
2.474 |
2.622 |
2.758 |
11.48% |
|
WTI crude |
52.58 |
52.84 |
49.4 |
-6.05% |
