15 August 2012 17:09 [Source: ICIS news]
HOUSTON (ICIS)--Inventories of US finished gasoline fell for the week ended 10 August, as consumption increased, a government agency indicated on Wednesday.
US gasoline stockpiles fell by 2.4m bbl to 203.7m bbl, according to the US Energy Information Administration (EIA).
For that same week, gasoline consumption rose by 469,000 bbl/day to a rate of 9.308m bbl/day.
However, gasoline consumption year on year is down by 4.6%.
Production of finished motor gasoline increased for the week ending 10 August, gaining 170,000 bbl/day to 9.069m bbl/day, according to the EIA.
US refinery utilisation held steady at a rate of 92.6% for the week ended 10 August.
Finished gasoline refers to the stage in the supply chain where it has reached primary sources, such as blenders and terminals, before delivery to the retail stations.
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