US gasoline stockpiles fall by 1.5% on lower consumption rate

17 July 2013 19:52  [Source: ICIS news]

HOUSTON (ICIS)--US gasoline inventories increased for the week ended 12 July as consumption rates fell, a government agency said on Wednesday.

Gasoline inventories gained 3.1m bbl to 224.1m bbl, a 1.4% week-on-week increase, according to the US Energy Information Administration (EIA).

For the same week, finished motor gasoline consumption rates were 570,000 bbl/day lower at 8.729m bbl/day.

Meanwhile, production rates dropped by 629,000 bbl/day to 8.967m bbl/day, while imports gained 224,000 bbl/day to reach 717,000 bbl/day, the EIA said.

Refinery utilisation rates increased by 0.4 percentage points to reach 92.8% for the week ended 12 July.

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.

 

21-June

28-June

5-July

12-July

 

Gasoline Stocks

225.4

223.7

221.0

224.1

m bbl

Gasoline consumption

8,894

9,294

9,299

8,729

bbl/d *

*Figures are in thousand bbl

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By: Anna Matherne
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