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Good afternoon, Linked below is the Domestic Tax Paid Estimate for September 2021. The September 2021 estimate is 14,800,000 barrels, a decrease of 5.1% compared to September 2020 removals of 15,603,000. The first half of 2021 was characterized by a strong increase in supply in the industry, coupled with low volumes and comparisons from the first half of 2020. With an abundance in supply leading into the summer, shipments slowed considerably beginning in July, and into August and September, with September domestic tax paid down -5.1% compared to September 2020. We should also note year ago comparisons are very strong, with September as one of the strongest performing months of 2020, when domestic tax paid was up +5.1%. The October 2021 domestic tax paid estimate is scheduled to be released on November 29, 2021. If you have any questions, please let me know.
Cheers,
Danelle Kosmal |
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