April 29, 2020

US Gasoline Stocks Decreased Last Week

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The EIA just reported that for the week ending April 24th gasoline stocks decreased by 3.6 million barrels, which is a small change, but an interesting indicator of how the industry is adjusting to the new market, especially considering that refinery net production of gasoline increased 9% vs. last week.

Total Motor Gas Stocks Chart

Crude stocks increased by almost 9.0 million barrels, which is significantly less than previous week (15 million barrels) – and is partially explained by the marginal increase of refinery operations (refinery utilization increased by 2% as well).

US Commercial Crude Stocks Chart


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