US gasoline inventories spike by 3.2%, consumption down

11 December 2013 21:30  [Source: ICIS news]

HOUSTON (ICIS)--US finished motor gasoline inventories posted larger-than-expected gains, while consumption rates fell for the week ended 6 December, the US Energy Information Administration (EIA) said on Wednesday.

Total motor gasoline inventories were at 219.1m bbl, an increase of 6.7m bbl.

Analysts expected a build of 2.0m bbl.

Accordingly, finished motor gasoline consumption was down by 525,000 bbl/day to 8.348m bbl/day.

Meanwhile, refinery utilisation rates were mostly steady, increasing by just 0.2 percentage points to a rate of 92.6% for the week ended 6 December.

Gasoline production was higher that same week at 41,000 bbl/day to reach 9.428m 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.

 

15-Nov

22-Nov

29-Nov

6-Dec

 

Gasoline Stocks

208.9

210.6

212.4

219.1

m bbl

Gasoline consumption

8,924

8,909

8,873

8,348

bbl/d *

*Figures are in thousand bbl

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By: Anna Matherne
713-525-2653



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