US gasoline consumption down by 1.8%, inventories fall

28 August 2013 19:37  [Source: ICIS news]

HOUSTON (ICIS)--US gasoline consumption rates dropped while a decline in inventories was less than expected for the week ended 23 August, a government agency said on Wednesday.

Gasoline consumption fell by 169,000 bbl/day to a rate of 9.031m bbl/day, according to the US Energy Information Administration (EIA).

Inventories of the product fell by 600,000 bbl to 217.8m bbl.

Analysts predicted a decline of 2m bbl in gasoline inventories.

Meanwhile, production rates were 51,000 bbl/day lower at 9.218m bbl/day, while imports gained 297,000 bbl/day to 670,000 bbl/day for the week ended 23 August.

US refinery utilisation rates increased slightly to 91.2% for that same week, up from 91.0% the previous 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.

 

2-August

9-August

16-August

23-August

 

Gasoline Stocks

223.6

222.4

218.4

217.8

m bbl

Gasoline consumption

9,246

9,190

9,200

9,031

bbl/d *

*Figures are in thousand bbl

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By: Anna Matherne
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