Gasoline stocks fall 1.57 million barrels USAC gasoline stocks 22% below average Cushing stocks at 11-week high Major US refined product inventories saw counter-seasonal draws in the week ended April 22 on the back of steady exports and seasonally strong demand, US Energy Information Administration data showed April 27.
Total gasoline stocks fell 1.57 million barrels to 230.81 million barrels, EIA said, putting them 3.8% behind the five-year average for this time of year, while nationwide distillate inventories dipped 1.45 million barrels to 107.29 million barrels, falling 21.2% below the five-year average. NYMEX May RBOB settled 11.72 cents higher at $3.4560/gal and May ULSD climbed 20.64 cents to $4.6743/gal. The gasoline draw was centered on the US Atlantic Coast. USAC gasoline stocks fell 3.18 million barrels to 50.65 million barrels, falling 22% behind the five-year average […]