Suncor Energy Inc T.SU

Alternate Symbol(s): SU

Energy Oil & Gas Integrated

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicle (EV) stations). The Company is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower-emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. The Company also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region.

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Suncor Energy Inc

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Post by MigraineCallon Apr 06, 2023 1:23am

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Post# 35382453

US Gasoline Inventories, Comparison

Interesting statistic...

Gasoline inventories are now at the lowest level since 2012 for the same week. At that time in 2012, WTI was around $103/bbl, and the US average gasoline price was around $3.97. This does not even account for inflation over the last 11 years.

Looking at where the inventory trendline is headed based on prior years, I wonder just how low will we end up at this summer as the heavy demand season gets underway.

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