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.
Follow Anna on Twitter
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections