US gasoline inventories saw a counter-seasonal decline in the week ended Jan. 15 amid a sharp uptick in demand, US Energy Information Administration data showed Jan. 22.  Total gasoline inventories fell 260,000 barrels to 245.23 million barrels last week, EIA said, well-under a 4 million-barrel build typically seen in mid-January. The draw left inventories 2.3% behind the five-year average, the widest deficit since the week ended May 3, 2019. Gasoline inventory draws were concentrated on the West Coast, where stocks declined 510,000 barrels to 3.267 million barrels. US Atlantic Coast stockpiles edged down around 40,000 barrels to 68.09 million barrels. Modest builds were seen on the US Gulf Coast and in the Midwest, however, […]

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