• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 6 days The United States produced more crude oil than any nation, at any time.
  • 6 days How Far Have We Really Gotten With Alternative Energy
  • 10 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 9 days James Corbett Interviews Irina Slav of OILPRICE.COM - "Burn, Hollywood, Burn!" - The Corbett Report
  • 9 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
Europe Moves Forward with Major Hydrogen Projects

Europe Moves Forward with Major Hydrogen Projects

Large-scale hydrogen production schemes are…

Kazakhstan and Azerbaijan Strengthen Trade Ties

Kazakhstan and Azerbaijan Strengthen Trade Ties

Kazakhstan and Azerbaijan are strengthening…

U.S. West Coast Imports More Gasoline Ahead Of Driving Season

The U.S. West Coast is expected to import 120,000 barrels per day of gasoline and blending components for the remainder of this month, up from 95,000 bpd in the first part of April, Bloomberg reports, citing “near-record” gasoline import levels for this time of year based on data from Vortexa. 

With the summer season looming and all indications that high gasoline prices will not be suppressing driving demand in the coming months, combined with cuts due to refinery maintenance season require additional stockpiles. 

Inventories on the West Coast are now below the five-year average for this season, according to Bloomberg. 

Asia accounted for some 60% of the uptick in April gasoline imports to the U.S. West Coast. 

Americans have been paying politically dangerous high prices at the gas pumps since Russia’s invasion of Ukraine and subsequent sanctions. 

Today’s national average at the pump is $4.120, according to AAA, up slightly from yesterday’s average of $4.114, and compared to last year’s average on this day of $2.878. 

Even though gasoline prices have dipped only slightly from their record highs, AAA anticipates strong demand. 

“As the days get longer, the weather gets warmer, and pump prices dip from their record highs, consumers feel more confident about hitting the road,” media quoted AAA Texas spokesperson Daniel Armbruster as saying. “And AAA is anticipating strong demand in the coming weeks as bookings for Memorial Day travel are already much higher than what they were last year.”

Also today, the U.S. Department of Energy awarded contracts for an initial 30 million barrels it put up for sale from the Strategic Petroleum Reserve. Those 30 million barrels will be delivered in May and June and the White House is hoping that they will help ease supply disruptions and pain at the gas pumps.

Gasoline prices generally fluctuate along with the price of crude oil, the key input. Crude oil prices at the time of writing (3:57pm EST) were $107.9 for Brent and $103.4 for WTI. 


By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment
  • DoRight Deikins on April 21 2022 said:
    « Asia accounted for some 60% of the uptick in April gasoline imports to the U.S. West Coast. »

    Asia, as in China?

    How funny! California, through it's regulations and restrictions, has forced many of its refineries to shutter. So now it must import its fuel at higher cost from Chinese tea-pots that produce far dirtier product.

    I can hear the modern Marie Antoinette: If they can't afford the gasoline, let them buy a Tesla.

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News