Crude, wholesale fuel, refining margins and inventories
Oil and fuel markets this week
What sits upstream of the pump: crude oil benchmarks, wholesale (spot) fuel prices, refining spreads and U.S. inventories. Retail prices usually follow wholesale moves within one to three weeks.
Brent crude$100.41▼ $20.76 week ending Nov 6
WTI crude$95.97▼ $9.62 week ending Nov 6
Diesel crack spread$2.227NYH ULSD − Brent, $/gal
Gasoline crack spread$0.217NYH gasoline − Brent, $/gal
Crude oil, weekly
BrentWTI
Wholesale fuel benchmarks
| Benchmark | Price | Week | Week ending |
|---|---|---|---|
| Jet fuel, U.S. Gulf Coast | $4.090/gal | ▼ 37.4¢ | Nov 6, 2026 |
| Ultra-low-sulfur diesel, New York Harbor | $4.618/gal | ▼ 13.9¢ | Nov 6, 2026 |
| Ultra-low-sulfur diesel, U.S. Gulf Coast | $4.361/gal | ▼ 42.1¢ | Nov 6, 2026 |
| Ultra-low-sulfur diesel, Los Angeles | $4.623/gal | ▼ 45.7¢ | Nov 6, 2026 |
| No. 2 heating oil, New York Harbor | $4.289/gal | ▼ 41.5¢ | Nov 6, 2026 |
| Conventional regular gasoline, New York Harbor | $2.608/gal | ▼ 29.6¢ | Nov 6, 2026 |
| Conventional regular gasoline, U.S. Gulf Coast | $2.778/gal | ▼ 37.6¢ | Nov 6, 2026 |
| WTI crude oil, Cushing | $95.97/bbl | ▼ $9.62 | Nov 6, 2026 |
| Brent crude oil | $100.41/bbl | ▼ $20.76 | Nov 6, 2026 |
EIA weekly averages of daily spot prices, excluding taxes. Spot weeks end on Friday.
U.S. inventories and refining
| Series | Latest | Week change | Year ago | Week ending |
|---|---|---|---|---|
| Commercial crude oil (excl. SPR) million bbl | 414.4 | +4.6 | 427.6 | Nov 6, 2026 |
| Gasoline inventories million bbl | 210.8 | +1.8 | 205.1 | Nov 6, 2026 |
| Distillate inventories (diesel, heating oil) million bbl | 103.3 | +4.0 | 110.9 | Nov 6, 2026 |
| Refinery utilization % of capacity | 95.2% | +0.7 pts | 89.4% | Nov 6, 2026 |
Sources: EIA weekly spot prices; EIA Weekly Petroleum Status Report (crude excludes the Strategic Petroleum Reserve; distillate excludes the Northeast Home Heating Oil Reserve). Spot prices exclude taxes.
Go deeper: diesel analytics · the crack spread explained · EIA forecast · weekly reports