Slide 13 of 17
Notes:
- In the Chicago and Milwaukee areas, inventories of blending components used to make RFG and RFG are low, particularly at the Chicago terminals and at the 7 refineries supplying the area.
- About 3/4 of the blending component and RFG gasoline inventories are stored at the main Midwest refineries that produce RFG for the Chicago and Milwaukee areas, and 1/4 at the terminals.
- The latest weekly data for June 9 indicate there may be some increases in supply occurring, as evidenced by the increases in refinery stocks and slight increases in terminal stocks. Furthermore, spot prices in the Chicago area began to fall at the end of last week, which also provides an indication that the supply situation may be improving. Still the area is functioning with no room for error, so this improvement can quickly disappear if any further problems develop.
- Once the region begins to recover, there will be some delay before wholesale price improvements are seen at the retail level.
