May 06, 2020

US Gasoline Consumption Increased Again

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In yet another positive note for oil markets, EIA has reported a Gasoline Product Supplied increase of 14% vs. the prior week, an increase of over 800 MBP.

Weekly statistics for the rest of oil product was mixed, as Distillates Product Supplied declined by -1%, and the tally for Total Products Supplied showed a -3% reduction. Important to remember that these statistics cover one week before several States partially come back to normal activities: this should bode well for next week's report and for the rest of the products spectrum.

US Product Supplied - Finished Gasoline Chart

US Total Product Supplied Chart


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