Dec 18 2024
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Gasoline Prices Trending Lower
WORLD AVERAGE PRICE $3.69
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Retail Prices
Regional Averages
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The world average price of gasoline has declined 36¢ per gallon since August 2024 due to disappointing fuel demand, thinner refiner margins, and weakening crude oil prices. World consumers are paying more in gasoline tax than retailers, refiners, and distributors combined achieve in gasoline margin. In this report the role of crude oil and specific national price trends are featured.
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Sep 25 2024
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Mexico Gets 25% of U.S. Supply Surplus
U.S. REFINED PRODUCT EXPORTS RISING
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Refining
Imports/Exports
Demand
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Several developments have boosted U.S. refined product exports of late including growing domestic crude oil production and stalled domestic product demand that has been hobbled by a weak economy. In addition, U.S. refiners have performed well so far in 2024 averaging 90% capacity utilization, enabling robust gasoline and distillate output.
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