03 April 2013 22:06 [Source: ICIS news]
HOUSTON (ICIS)--Higher US gasoline consumption led to a drop in inventories for the week ended 29 March, a government agency said on Wednesday.
Finished motor gasoline consumption rates for the week were at 8.523m bbl/day, an increase of 124,000 bbl/day, or 1.5%, from the previous week, according to the US Energy Information Administration (EIA).
Year on year, gasoline consumption was up by 3.0%.
For the same week, gasoline inventories declined by 600,000 bbl to 220.7m bbl, a 0.3% week-on-week fall, the EIA said.
Gasoline production fell by 3.7% for the week ended 29 March. Production rates were 330,000 bbl/day lower at 8.672m bbl/day
Meanwhile, refinery utilisation gained 0.6 percentage points to 86.3%, 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.
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