US gasoline inventories drop by 0.5%, consumption down

14 August 2013 16:46  [Source: ICIS news]

HOUSTON (ICIS)--US gasoline consumption and inventories were lower for the week ended 9 August after posting gains in the previous week, a government agency said on Wednesday.

Gasoline inventories fell by 1.2m bbl for the week ended 9 August to 222.4m bbl, according to the US Energy Information Administration (EIA).

Analysts predicted a decline of 1.9m bbl in gasoline inventories.

Finished motor gasoline consumption rates were 56,000 bbl/day lower at 9.190m bbl/day, the EIA said.

Meanwhile, production rates fell by 235,000 bbl/day to 9.081m bbl/day, while imports increased by 457,000 bbl/day to 513,000 bbl/day for the week ended 9 August.

US refinery utilisation rates continued their decline, losing 1.5 percentage points to 89.4% for the same week.

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.

 

19-July

26-July

2-August

9-August

 

Gasoline Stocks

222.7

223.5

223.6

222.4

m bbl

Gasoline consumption

8,982

9,147

9,246

9,190

bbl/d *

*Figures are in thousand bbl

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By: Anna Matherne
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