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Lundberg Letter Current Issues    
Issue DateTitleSubjectsCAPTION
Sep 29 2024
Shift Toward Merchant Status
GROWTH VALERO STYLE
Company Profile

Market Share

Valero's U.S. gasoline market share is gaining despite hemorrhaging branded outlets. The nation's second largest refiner is building clout via unbranded gallonage and expanding refining capacity. Unfortunately, Valero is also under assault from California's attempt to control refining margins.
Aug 21 2024
Summer Seasonality Waning
GASOLINE DEMAND SEASONALITY 2023
Demand



Contrary to myth, the nation's driving season does not start during Memorial Day weekend. According to Lundberg data it instead runs from the start of May through August. May's demand is comparable to July's most years, a finding reported exclusively in the Letter back in 2018. Herein we update gasoline demand seasonality for recent years and find Summer's demand jump has softened.
 
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