Gasoline demand continues to stay strong

GA907
2023-06-15

$WTI Crude Oil - main 2307(CLmain)$ $Micro WTI Crude Oil - main 2307(MCLmain)$ $Brent Last Day Financial - main 2308(BZmain)$ $E-mini Crude Oil - main 2307(QMmain)$

Even though stocks are building, the implied product demand moved higher for the week ending June 9/2023, mainly due to a big jump in other oils demand. Gasoline demand continues to stay strong.

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The implied product demand moved slightly lower for the week ending June 2/2023, mainly due to a big drop in other oils demand. That said, gasoline demand continues to stay above 2022 levels.

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YTD (through 23 weeks) crude oil demand/supply breakdown compared to previous years.

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Crude oil, gasoline, and jet fuel stocks change through the first week of the driving season.

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Cracks cannot be bothered. Again it's more to do with supply than demand.

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