US gasoline stockpiles fall by 0.6% on higher consumption rate

24 July 2013 20:12  [Source: ICIS news]

HOUSTON (ICIS)--US gasoline inventories fell for the week ended 19 July as consumption rates increased, a government agency said on Wednesday.

Gasoline inventories dropped by 1.4m bbl to 222.7m bbl, a 0.6% week-on-week decline, according to the US Energy Information Administration (EIA).

Analysts predicted a gain of 2.2m bbl in gasoline inventories.

For the same week, finished motor gasoline consumption rates were 253,000 bbl/day higher at 8.982m bbl/day.

Meanwhile, production rates increased by 320,000 bbl/day to reach 9,287m bbl/day, while imports fell by 395,000 bbl/day to 322,000 bbl/day, the EIA said.

Refinery utilisation rates lost 0.5 percentage points to 92.3% for the week ended 19 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.

 

28-June

5-July

12-July

19-July

 

Gasoline Stocks

223.7

221.0

224.1

222.7

m bbl

Gasoline consumption

9,294

9,299

8,729

8,982

bbl/d *

*Figures are in thousand bbl

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By: Anna Matherne
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