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Patrick De Haan @gasbuddyguy.bsky.social · 10h

EIA, week ending 10/3
Crude oil: +3.7M
Domestic prod: 13.629MMbpd
Cushing: -0.8M
Gasoline: -1.6M
Mogas supplied: 8.919MMbpd
Distillates: -2.0M
Refiner utilz: 92.4%
Ref inputs: 16.777MMbpd
Total exports: 10.400MMbpd
#oil #eia #gas

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Patrick De Haan @gasbuddyguy.bsky.social · 11h

The median US gas price has fallen to $2.89/gal this morning, according to GasBuddy data, while the national average stands at $3.10/gal. GasBuddy counts 31 states where average #gasprices are below $3/gal, with the cheapest 10% of stations averaging just $2.51/gal.

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Patrick De Haan @gasbuddyguy.bsky.social · 1d

WOW: Great Lakes wholesale #gasprices have fallen to their lowest level since Jan. 8, 2024.

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Patrick De Haan @gasbuddyguy.bsky.social · 1d

WOAH! Slam on the breaks, West Coast: a significant decline in wholesale gas prices occurred for OR/WA/BC and SoCal today, which could stop increases dead in their tracks for now.

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Patrick De Haan @gasbuddyguy.bsky.social · 1d

Chicago has been voted the best big city in the U.S. for the 9th straight year. Truly love it calling it home, and can't wait for NACS to arrive next week!

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Patrick De Haan @gasbuddyguy.bsky.social · 1d

good question- I don't have a TBD at the moment :(

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Patrick De Haan @gasbuddyguy.bsky.social · 1d

the new refinery fire in California over the weekend will pause the relief

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Patrick De Haan @gasbuddyguy.bsky.social · 1d

Today's lowest gas price in the US, according to GasBuddy: $2.13/gal at OnCue Express and many other stations in Midwest City, OK.

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Patrick De Haan @gasbuddyguy.bsky.social · 1d

Gasoline demand's last seasonal hurrah is folks who are seeing the incredible display of nature, but typically, realistic gasoline demand will not reattain 9mbpd until spring.

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Patrick De Haan @gasbuddyguy.bsky.social · 2d

WA/OR/BC ALERT: as the California refinery drama continues to unfold, it's looking like Washington/Oregon and BC/Vancouver could see additional impacts to #gasprices with spot markets up notably today for these areas. Remains a fluid situation.

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Patrick De Haan @gasbuddyguy.bsky.social · 2d

Gas Prices See Slight Dip; California Refinery Outage Could Push West Coast Higher, by @GasBuddyGuy open.substack.com/pub/gasprice...

Gas Prices See Slight Dip; California Refinery Outage Could Push West Coast Higher

The nation’s average price of gasoline has fallen 0.3 cents over the last week and stands at $3.08 per gallon, according to GasBuddy® data compiled from more than 12 million individual price reports c...

open.substack.com

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Patrick De Haan @gasbuddyguy.bsky.social · 2d

Just be happy you aren't in Germany- several stations I passed while there were the equivalent of $7.41/gal USD

Patrick De Haan @gasbuddyguy.bsky.social · 2d

Cities with the *lowest* average #gasprices in the US today:
Lawton, OK $2.30/gal
Tulsa, OK $2.44/gal
Elizabethtown, KY $2.45/gal
Lubbock, TX $2.48/gal
Henderson, KY $2.49/gal

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Patrick De Haan @gasbuddyguy.bsky.social · 2d

Cities with the *lowest* average #gasprices in the US today:
Lawton, OK $2.30/gal
Tulsa, OK $2.44/gal
Elizabethtown, KY $2.45/gal
Lubbock, TX $2.48/gal
Henderson, KY $2.49/gal

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Patrick De Haan @gasbuddyguy.bsky.social · 2d

More clarification on future West Coast #gasprices:
Expect California, NV, AZ to see a modest rise (10-35c/gal) in #gasprices (not super spike) over the next 1-2 weeks. This will also impact NorCal, but will have very limited impact on WA/OR/BC (Can). Situation could change.

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Patrick De Haan @gasbuddyguy.bsky.social · 2d

While GasBuddy currently does *not* have a gas station selling retail gasoline below $2/gal in our database, we eagerly await if one- without points/gimmicks- shows up!

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Patrick De Haan @gasbuddyguy.bsky.social · 2d

Biggest winners/losers at the pump from a year ago:
Washington +46.8c/gal (this should decrease soon with refinery issues addressed)
Oregon +46.3c/gal (same)
Colorado -42.9c/gal
Michigan -27.1c/gal
Wisconsin -23.4c/gal

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Patrick De Haan @gasbuddyguy.bsky.social · 2d

Biggest weekly change in average #gasprices by state:
Ohio +12.7c/gal (cycled)
Indiana -11.3c/gal (cycle soon?)
Colorado -8.9c/gal (cycle soon?)
Delaware -8.9c/gal (cycle soon?)
Illinois -8.4c/gal (cycle soon?)
Seeing a theme here?

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Patrick De Haan @gasbuddyguy.bsky.social · 2d

Though the damage from the fire appears limited, the West Coast is likely to see prices climb, while most other areas can expect relative stability or slight declines.”

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Patrick De Haan @gasbuddyguy.bsky.social · 2d

While OPEC again agreed over the weekend to boost oil production for November, the real story for motorists has been regional variation— especially in areas served by California's supply system.

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Patrick De Haan @gasbuddyguy.bsky.social · 2d

“Gas prices cycled upward in Ohio and Michigan, declined in Indiana and Delaware, and pain is about to return to California and neighboring states following last week’s refinery fire outside Los Angeles.

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Patrick De Haan @gasbuddyguy.bsky.social · 2d

Weekly update: “While the national average slipped slightly over the last week, it’s once again been a mixed bag depending on where you fill up,” said Patrick De Haan, head of petroleum analysis at GasBuddy.

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Patrick De Haan @gasbuddyguy.bsky.social · 2d

Average US #gasprices inched down for the second straight week, falling 0.8c/gal to $3.08 per gallon, according to GasBuddy. Prices stand 4.7c/gal lower than a year ago, according to GasBuddy.

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Patrick De Haan @gasbuddyguy.bsky.social · 5d

‼️New information coming out re: Chevron El Segundo refinery. Fluid cat cracker (FCC) and crude distillation unit (CDU) were not negatively impacted by the fire. Still impacting slight rise to #gasprices but so long as this remains, it is hugely positive for gasoline consumers.

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Patrick De Haan @gasbuddyguy.bsky.social · 7d

Here come the seasonal gasoline builds now that the summer gasoline purge appears to be over, that with weaker demand give a solid opportunity for average #gasprices to test the $3/gal barrier in the weeks ahead

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Patrick De Haan @gasbuddyguy.bsky.social · 7d

EIA, week ending 9/26
Crude oil: +1.8M
Domestic prod: 13.505MMbpd
Cushing: -0.2M
Gasoline: +4.1M
Mogas supplied: 8.518MMbpd
Distillates: +0.6M
Refiner utilz: 91.4%
Ref inputs: 16.168MMbpd
Total exports: 10.999MMbpd
#oil #eia #gas

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