US Gasoline Inventories: Decoding Last Week’s Data
The EIA (U.S. Energy Information Administration) released its gasoline inventory data on July 11. The EIA reported that US gasoline inventories decreased by 0.7 MMbbls (million barrels) to 239 MMbbls on June 29–July 6. However, the inventories increased by 3.3 MMbbls or 1.4% from a year ago.