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.
?xml:namespace> 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
*Figures are in thousand bbl
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