US gasoline inventories climbed 2.2 million barrels last week to 230.94 million barrels despite a drop in production, suggesting lower demand, data released by the Energy Information Administration showed Thursday. While inventories drew on the US Atlantic Coast, home of the New York delivery point for the NYMEX RBOB contract, stocks were higher in the rest of the country. USAC gasoline inventories fell 527,000 barrels to 63.22 million barrels, roughly 1.4% below the five-year average. USGC stocks climbed 1.25 million barrels to 84.71 million barrels, pushing the surplus to the five-year average to 8.5% from 6.5% the prior week. US refiners upped crude runs by 189,000 b/d to 16.77 million b/d last week, the EIA data showed. However, US gasoline production edged lower by 20,000 b/d to 9.86 million b/d, with output of jet […]