Gasoline Prices: What is Happening?
Retail Motor Gasoline Price* Forecast Doesn’t Reflect Potential Volatility
Midwest Looking Like Last Year
RFG Responding More Strongly
Gasoline Prices Vary Among Locations.Retail Regular Gasoline Price, Cents per Gallon May 8, 2001
Crude Oil Affects Gasoline Prices
WTI Crude Oil Prices Are Expected To Remain Relatively High Through At Least 2001
Low Total OECD Oil Stocks* Keep Market Balance Tight
Low U.S. Stocks Indicate Tight U.S. Market
Regional Inventories
Tight Product Balance Pushes Up Product Spread (Spot Product – Crude Price)
“New Factor” Contributing to Volatility: Excess Capacity is Gone
Regional Refinery Utilization Shows Gulf Coast Pressure
High Prices Continue to Attract Imports
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