National Gasoline Avg up $0.18 week over week; Diesel up $0.31; WTI & Brent down currently

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The nation’s average price of gasoline has risen 18.5 cents over the last week and stands at $4.44 per gallon, according to GasBuddy® data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country. The national average is up 34.4 cents from a month ago and is $1.30 per gallon higher than a year ago. The national average price of diesel rose 30.7 cents in the last week and stands at $6.490 per gallon.

“Average gasoline prices rose in virtually every state over the last week, with 45 states seeing increases of more than 3 cents per gallon, led by the Great Lakes region where refinery issues sent Michigan, Indiana, Illinois, Ohio, and Wisconsin all up more than 30 cents per gallon,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Diesel rose in every state, with five states seeing increases exceeding 50 cents per gallon, as continued strikes on Russian oil refineries tighten global diesel supply- a pressure further amplified in the Great Lakes by regional refinery issues.”

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In early Monday trade, WTI was down $2.57 to $97.73 per barrel, well below last Monday’s $103.23, while Brent fell $2.61 to $101.26 compared to $108.29 a week ago—both benchmarks retreating from last week’s four-month highs.

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Refinery utilization fell 1.0 percentage point to 96.8%.

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The states with the lowest average prices: Texas ($3.94), Mississippi ($3.95), and Louisiana ($3.98).

The states with the highest average prices: California ($6.14), Washington ($5.51), and Hawaii ($5.47).

Biggest weekly changes: Michigan (+46.7¢), Indiana (+42.7¢), Ohio (+37.3¢), Illinois (+36.9¢), Wisconsin (+34.6¢).

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The states with the lowest average diesel prices: Texas ($5.96), Louisiana ($6.01), and Oklahoma ($6.02).

The states with the highest average diesel prices: California ($8.38), Washington ($7.37), and Hawaii ($6.95).

Biggest weekly changes: Ohio (+65.3¢), Michigan (+64.6¢), Indiana (+63.6¢), Illinois (+59.7¢), Wisconsin (+50.9¢).

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AAA’s website has today’s Regular gasoline and diesel averages for the four Gulf Coast states as follows:

TX: $3.9495/gal; $5.9707/gal
LA: $4.0017/gal; $6.0337/gal
MS: $3.9680/gal; $6.0523/gal
AL: $4.0130/gal; $6.1494/gal

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One bit of good news. If oil prices stay elevated like this, then there should be enough available cash amongst Louisiana O&G industry baws to buy out Coach Kiffin’s contract.