US gasoline inventories gain what production rates lose

19 June 2013 22:43  [Source: ICIS news]

HOUSTON (ICIS)--US gasoline consumption rates increased by the same amount production rates declined, a government agency said on Wednesday.

Finished motor gasoline consumption rates for the week ended 14 June were at 8.840m bbl/day, an increase of 192,000 bbl/day, or 2.2% from the previous week , according to the US Energy Information Administration (EIA).

For the same week, production rates were 192,000 bbl/day lower at 9.167m bbl/day

Meanwhile, gasoline inventories increased by 200,000 bbl to 221.7m bbl, a 0.1% week-on-week gain, the EIA said.

Analysts had predicted a gain on 1.5m bbl in gasoline inventories.

Refinery utilisation rates gained 1.8 percentage points to 89.3%, while imports lost 136,000 bbl/day to reach 556,000 bbl/day.

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.







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*Figures are in thousand bbl

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By: Anna Matherne

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