USAC Balance Report: High Octane Fears
Gasoline inventories on the US East Coast shrank for a second week in a row to 62.15 million barrels. Despite high gasoline stocks in PADD 3, barge deliveries slowed further last week.
Gasoline inventories on the US East Coast shrank for a second week in a row to 62.15 million barrels. Despite high gasoline stocks in PADD 3, barge deliveries slowed further last week.
Total imports of gasoline and components into the US East Coast for the week ending June 21 were up by 71,000 barrels per day compared to the previous week at 736,000 bpd, and 75,000 bpd higher than the five-year average
As predicted last week, the EIA on Wednesday reported a draw on gasoline stocks on the US Atlantic Coast, bringing them to 63.53 million barrels and thus back to mid-March levels.
Total imports of gasoline and components into the US East Coast for the week ending June 14 came in at 651,000 barrels per day, up by 109,000 bpd compared to the previous week. Still, imports are 72,000 bpd lower than
Billed deliveries into the US Atlantic Coast came in at 853,000 barrels per day for the week ending May 17. Total arrivals – including billed and unbilled volume – reached a nine-month high at 943,000 bpd, 252,000 bpd higher than
ClipperData’s Matt Smith was CNBC’s Squawk Box discussing oil and gasoline markets
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