update: spot RFG price for the Chicago region now down 34c/gal... we are close to the same differential as prior to this week- BUT- stations that filled their tanks ahead of Memorial Day are loaded with gasoline they paid a much higher price for, so drops ARE coming, but slowly.

TMYK: ever notice the different color tank lids at the gas station?
White is unleaded
Blue is midgrade (some just mix reg/prem)
Red is premium
Green or yellow is diesel
Orange is vapor recovery

Good news- Chicago RBOB surge is deflating again, with spot RBOB/Reformulated gasoline down another ~25c/gal today, hopefully stations in WI, IL, IN and KY that must sell RFG quickly lower their prices again.

no, completely wrong. we have zero gasoline reserve in the Great Lakes. the Northeast Gasoline Supply Reserve is being shut, you literally can't get that gasoline into the Great Lakes! Remind us why some of us actually do this for a living compared to the couch analysts...

National average price of gasoline now $3.60/gal, some jumps in the Great Lakes due to some refinery snags, national average about 6 cents above last year. Most areas seeing relief, a few are jumping, but as we get closer to July 4, more relief for nearly all.

BNN Eric Nuttall:
Gasoline numbers have been inaccurate, use GasBuddy which tends to be more accurate. Miles driven, demand is fine, not shooting the lights out but fine.

aren't Republicans all about cutting spending? suddenly you want to keep a gasoline reserve that Trump wanted to get rid of? whoever is coming up with these crazy talking points needs desperate help.

and with it, an above average chance that refineries could be in harms way and potentially impact #gasprices

Atlantic #HurricaneSeason Outlook 2024: 85% likely. Likelihood of 17-25 named storms of which 8-13 could become hurricanes, including 4-7 major hurricanes:

bit.ly/2024AtlanticHu…

NWS Climate Prediction Center #HurricaneOutlook #WeatherReadyNatio

#Brazil : Petrobras Scraps Plan to Sell Five More of Its Oil Refineries

Oil producer removes plants from its divestment list

Current management wants to expand refining capacity

#oott
bloomberg.com/news/articles/…

'Very active' Atlantic hurricane season is expected for a few key reasons.

Story: youtube.com/watch?v=UBF_XA…

#hurricane #hurricane s #hurricane season

you haven't checked US oil production lately it seems. we're by far the world's largest producer. in addition, even Trump wanted to shut down this silly gasoline reserve. taxpayers have spent $200 million maintaining it after 10 years. the gasoline is worth $103 million.

Gee I’m so surprised you complain about using the strategic reserve for when oil prices spiked $50 and were threatened by Russia’s invasion but don’t complain about how Republicans pushed to require the sale of hundreds of millions of SPR barrels back 2015-2017… 🤔🤔

HEADS UP... Chicagoland indeed seeing a rise of 30-40c/gal today...

ALERT: #GasPrices appear to be rising to $4.59/gal in Chicago's Cook County suburbs and to $4.49/gal in non-Cook suburbs. This is a price cycle exacerbated by refinery outages.