NYH Weekly: Gasoline Prices Drop 8.58%
Miguel E. Andujar
DTN Refined Fuels Market Reporter
DAVENPORT, FL (DTN) -- New York Harbor (NYH) refined products spot markets
declined across the board during the week ended November 6, led by an 8.58%
drop in prices of conventional gasoline blendstock for oxygenate blending
(CBOB) as East Coast gasoline inventories fell despite increased refinery
activity.
NYH CBOB averaged $2.9261 gallon, down 27.46cts, or 8.58%, from $3.2007
gallon the previous week, DTN data showed.
Ultra-low sulfur diesel (ULSD) prices fell 28.59cts, or 5.94%, to average
$4.5305 gallon from $4.8164 gallon the previous week. Despite the decline,
diesel remained nearly $2 gallon above the corresponding period in 2025.
NYH jet fuel averaged $4.6900 gallon, down 26.34cts, or 5.32%, from $4.9534
gallon. Jet fuel remained more than $2 gallon above its previous-year level.
The U.S. Energy Information Administration (EIA) reported Wednesday (11/4)
that East Coast (PADD 1) gasoline inventories declined by 1.8 million bbl to
52.1 million bbl during the week ended October 30 from 53.9 million bbl.
Distillate inventories increased by 800,000 bbl to 22.6 million bbl from
21.8 million bbl, while regional jet fuel stocks edged down by 100,000 bbl to
9.2 million bbl from 9.3 million bbl.
Meanwhile, the Department of Energy awarded contracts Wednesday (11/4) for
the exchange of 300,000 bbl of ultra-low sulfur distillate from the Northeast
Home Heating Oil Reserve, with supplies drawn from Boston and New Haven storage
sites. Deliveries were scheduled for completion by Friday (11/6).
East Coast commercial crude oil inventories increased by 100,000 bbl to 8.1
million bbl from 8 million bbl.
Regional refinery utilization climbed 7.8 percentage points to 89.5% from
81.7%, indicating a recovery in processing activity.
No additional refinery outages or production disruptions affecting New York
Harbor supplies were identified in the developments reviewed for the week.
