US gasoline consumption up 0.9%, inventories down 0.7%

27 March 2013 20:58  [Source: ICIS news]

HOUSTON (ICIS)--Higher US gasoline consumption led to a drop in differentials for the week ended 22 March, a government agency said on Wednesday.

Finished motor gasoline consumption rates for the week were at 8.399m bbl/day, an increase of 75,000 bbl/day, or 0.9%, from the previous week, according to the US Energy Information Administration (EIA).

However, year on year, gasoline consumption was down by 0.2%.

For the same week, gasoline inventories declined by 1.6m bbl to 221.2m bbl, a 0.7% week-on-week fall, the EIA said.

Gasoline production spiked by 4.3% for the week ended 22 March. Production rates were 373,000 bbl/day higher at 9.002m bbl/day

Meanwhile, refinery utilisation gained 2.2 percentage points to 85.7%, the EIA said.

Finished gasoline refers to the stage in the supply chain at which it reaches primary sources, such as blenders and terminals, before delivery to retail stations.

Follow Anna on Twitter


By: Anna Matherne
713-525-2653



AddThis Social Bookmark Button

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.

Printer Friendly