US gasoline inventories drop 1.8%, consumption up 2.6%

06 November 2013 17:52  [Source: ICIS news]

HOUSTON (ICIS)--US finished motor gasoline consumption rates increased for the week ended 1 November, causing a decline in inventories, the US Energy Information Administration (EIA) said on Wednesday.

Finished motor gasoline consumption was up by 238,000 bbl/day to 9.292m bbl/day.

Inventories of the product were 3.8m bbl lower at 210.0m bbl, the EIA said.

Analysts expected a draw of 1.3m bbl.

Refinery utilization rates were 0.5 percentage points lower at 86.8% for the week ended 1 November.

However, gasoline production was up by 68,000 bbl/day to 9.136m bbl/day that same week.

Meanwhile, imports fell by 65,000 bbl/day to 472,000 bbl/day, while exports held steady at 380,000 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.

 

11-Oct

18-Oct

25-Oct

1-Nov

 

Gasoline Stocks

217.3

215.5

213.8

210.0

m bbl

Gasoline consumption

9,077

8,797

9,054

9,292

bbl/d *

*Figures are in thousand bbl

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By: Anna Matherne
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