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• Record Export Volumes: US Gulf Coast LNG export flows reached 17.3 billion cubic feet per day in June 2026, a new high driven by record Golden Pass feedgas activity.
• Four-Decade Low Reserve Level: The SPR has fallen to 325.7 million barrels, its lowest level since May 1983, following sustained releases tied to the Iran conflict aftermath.
• Sanctions Relief Adds Supply: US sanction waivers have unlocked additional Iranian oil export volumes, compounding the broader global oversupply driving prices lower.
• Worst Quarterly Loss Since 2013: Gold is down roughly 14% for the quarter, its first quarterly loss since 2024 and steepest decline since Q2 2013.
• Steepest Losses Since December 2025: Silver is trading near its weakest level since December 2025, with losses exceeding 20% for both the month and the quarter.
• High State Tax Burden: California's gasoline taxes already rank among the highest nationally, and Trump warns continued increases could exceed the fuel's own wholesale cost.
• Gasoline Falls Below $2.90: US gasoline prices have dropped below the key $2.90 per gallon level, tracking crude oil's broader quarterly decline.
• Monthly and Quarterly Decline Confirmed: Gasoline prices have fallen roughly 6% for the month and roughly 10% for Q2 2026, reflecting sustained downward pressure from crude oil prices.
• SPR at Four-Decade Low: The Strategic Petroleum Reserve has fallen to 325.7 million barrels, its lowest level since May 1983, following sustained releases tied to the Iran conflict aftermath.
• Coal Prices Retreat from Highs: Thermal coal has fallen below $130 per ton, pulling back sharply from near three-year highs as the energy crisis driving fuel switching eases.
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