10/21/2026
It's Inventory Day...again.
It comes as no surprise that crude oil inventories declined again, but the more notable development was a draw in gasoline inventories alongside an increase in distillate inventories. In today’s newsletter, I examine how the diverging gasoline and diesel crack spreads are beginning to influence production economics and market dynamics for each product, and what these trends could mean for prices and supply going forward.
Dale Petroleum weekly newsletter about fuel markets.