US gasoline inventories, consumption rise

01 November 2012 18:19  [Source: ICIS news]

HOUSTON (ICIS)--Both consumption and stockpiles of US gasoline increased for the week ended 26 October, a government agency said on Thursday.

US finished motor gasoline consumption was 351,000 bbl/day higher at 8.844m bbl/day, according to the US Energy Information Administration (EIA).

Year on year, gasoline consumption is 3.6% lower.                                                                                  

For the week ended 26 October, gasoline inventories gained 900,000 bbl to reach 199.5m bbl.

US gasoline production was at 9.086m bbl/day, 131,000 bbl/day up from the week ended 19 October, which had a production rate of 8.955m bbl/day, the EIA said.

US refinery utilisation held relatively steady, gaining 0.5 percentage points to an operational rate of 87.7% for the week ended 26 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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