Canada Markets closed

US Gasoline Inventories: Decoding Last Week’s Data

Gordon Kristopher
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.