AMERICAS GASOLINE: US Gasoline Stocks Fell by 2.72m bbl in Week to Aug. 15: EIA
Aug-20 14:43
EIA data showed US motor gasoline stocks drew by 2.72m bbl to 223.57m bbl in the seven days to Aug. 15, a 1.2% fall week-on-week. Large draws in PADDs 2 and 3 offset a strong build in PADD 1.
- This is a larger build than the previous week, driven by lower production and higher net exports, which offset a fall in weekly demand.
- Four-week average gasoline demand fell 0.34% to 9.009m b/d. Meanwhile, weekly demand was down by 158k bbl to 8.8m b/d. Demand is largely inline with the seasonal average.
- Net gasoline exports rose by 171k b/d on the week to 364k b/d. Exports rose by 194k b/d, or 23.52% on the week to 1.02m b/d. Meanwhile, imports rose by 23k b/d, or 3.64% on the week to 655k b/d.
- Gasoline production fell by 259k b/d on the week to 9.55m b/d.
- PADD 1 stocks were up 1.568m bbl, or 2.83% to 56.941m bbl,
- In PADD 3, the USGC refining hub, stocks were down 2.627m bbl, or 3.07% to 82.99m bbl.
- On the USWC (PADD 5), stocks were down 373k bbl, or 1.18% to 31.232m bbl.
- Stocks are below the five-year seasonal average level of 225m bbl.
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