Gasoline Prices: What is Happening?


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Table of Contents

Gasoline Prices: What is Happening?

Retail Motor Gasoline Price* Forecast Doesn’t Reflect Potential Volatility

Midwest Looking Like Last Year

RFG Responding More Strongly

Gasoline Prices Vary Among Locations.Retail Regular Gasoline Price, Cents per Gallon May 8, 2001

Crude Oil Affects Gasoline Prices

WTI Crude Oil Prices Are Expected To Remain Relatively High Through At Least 2001

Low Total OECD Oil Stocks* Keep Market Balance Tight

Low U.S. Stocks Indicate Tight U.S. Market

Regional Inventories

Tight Product Balance Pushes Up Product Spread (Spot Product – Crude Price)

“New Factor” Contributing to Volatility: Excess Capacity is Gone

Regional Refinery Utilization Shows Gulf Coast Pressure

High Prices Continue to Attract Imports

Contact Information

Author: Douglas Macintyre
              Joanne Shore

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