the gas price guy, “america’s best-known gas analyst”, oil & refined products analyst. myth buster/fact checker. bourbon fan. data lover. depaul alumpatrickdehaan.com Chicago, IL via Grand RapidsJoined April 2009
EU countries dilute fuel tax hike as green anger mounts
The rollback came after capitals expressed “concerns” about the climate-friendly reforms, a document seen by POLITICO reveals.
#oottpolitico.eu/article/europe…
U.S. refiner Valero Energy Corp plans to run its 14 refineries up to 95% of their combined total throughput capacity of 3.2 million barrels per day (bpd) in the second quarter of 2024, said Homer Bhullar, vice president of investor relations.
#ootttradingview.com/news/reuters.c….
The national average is holding near its high water mark of $3.67/gal thanks to some price cycling in the Great Lakes, while oil remains in somewhat of a holding pattern in the low-$80s. Expecting #gasprices to move a bit sideways over the next few days.
It’s that new “water falls” wake up feature… woken up at 4am, having about 90 seconds to pack on your first night in Barcelona and water coming from everywhere and no elevator. Glad we made it out… not a great first experience @SonderStays
Neighborhood gas station in Barcelona. Current gas price (no regular listed- just 95 RON/91 US AKI premium) is $7.31/gal! 😳 Is Joe prez here too? 😂🤦♂️
Rising demand alone isn’t enough to maintain momentum. The changeover to summer gasoline is complete, the absence of that catalyst is big. Refinery maintenance is wrapping up, & soon, only increasing demand, which has been disappointing, is left. Air is coming out of the ballon.
Confidence grows that #gasprices likely have hit their seasonal peaks. Typical caveats apply, but I’d say I’m 85% sure most Americans will see #gasprices gently fall in the weeks ahead of Memorial Day.
here’s what would have been my incoming plane, which diverted to KEF earlier today as AA91 and is hours late due to medical emergency 😔. Off to LHR on a B789 for some downtime.
#GasPrices had been surging in the mid-Atlantic and NE USA markets because of the change to summer gasoline. Most of the increase should be behind us, and while there may be slight increases, we should be done with the rise (due to the switch) by later this week.
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95K Followers 2K FollowingContrarian value investor. O&G. Not advice, do not rely, past performance not indicative, positioning may change w/out notice. Likes & r/ts are not endorsements
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