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Lundberg Letter Current Issues
May 19 2022
Nation's Economic Lifeblood At Stake
2022 DIESEL SUPPLY CRISIS
Permanently shuttered refining capacity and a crude oil price spike had already caused a very tight diesel market in 2021. Now the Russia Ukraine war has sent stock levels crashing and prices soaring. Supply is a bare 22.1 days of demand as refiners are scrambling to increase output. Crude oil has spiked to $112 bbl. today while truckers are struggling with prices averaging $5.57 gal. nationally with many markets over $6.
May 04 2022
BP On The Move
PADD 2-WEST: 2021 MARKET SHARES
BP is making strong gains in the nine-state Western PADD 2 territory, while P66 continues to hold the top spot. This report examines regional market shares and reveals the region's unheralded but fine gasoline demand growth.