US Gulf Coast gasoline blenders and refiners’ production of finished gasoline increased 190,000 b/d or 9.2% week on week to 2.249 million b/d in the week that ended September 11, posting a five-year high for the second week of September as refineries continue to run at high rates. Gulf Coast refiners bumped up production to utilize 92.3% of their refineries’ operable capacity, recovering from a spate of production issues in the previous week, when capacity utilization was 87.6%. US gasoline demand, however, did not live up to the market’s high expectations for the last major US driving holiday of the year — Labor Day. US product supplied, which is commonly used as a proxy for nationwide gasoline demand, was largely unchanged week on week, falling 34,000 barrels to 8.983 million b/d. Article continues below… Sign up for Global Alert today. Platts Global Alert is a complete real-time information service […]