US gasoline inventories, consumption fall

11 October 2012 16:47  [Source: ICIS news]

HOUSTON (ICIS)--Consumption and stockpiles of US gasoline fell for the week ended 5 October, a government agency said on Thursday.

US finished motor gasoline consumption was 46,000 bbl/day lower at a rate of 8.587m bbl/day, according to the US Energy Information Administration (EIA).

Year on year, gasoline consumption is 4% lower.

For that same week, gasoline inventories were 500,000 bbl lower at 195.4m bbl. Analysts had predicted that gasoline inventories would gain 200,000 bbl.

US gasoline production was at 8.648m bbl/day, 89,000 bbl/day lower than the week ended 28 September, which had a production rate of 8.737m bbl/day, the EIA said.

US refinery utilisation weakened by 1.5 percentage points to an operational rate of 86.7% for the week ended 5 October.                                   

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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By: Anna Matherne

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