US gasoline inventories climbed for a fifth straight week in the week ended Dec. 11 as pandemic lockdowns weighed on demand, US Energy Information Administration data showed Dec. 16. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Total gasoline stocks moved 1.02 million barrels higher to 238.88 million barrels, narrowing the surplus to the five-year average to around 4.3% from 4.6% during the week prior. The build comes as gasoline demand continued to trend lower. While weekly implied demand climbed around 5% to 7.98 million b/d it was still more than 15% behind year-ago levels, up from around 14% behind year-ago levels during the week prior. Meanwhile, the four-week moving average of implied demand fell for a […]