The Oil Drum: On U.S. Finished Gasoline Stocks and Gasoline Refining Capacity

Several TOD commenters expressed concern recently regarding U.S. finished gasoline inventory decreases as evidenced by the weekly EIA reports. Total gasoline stocks are presently at the bottom range of the last five years as seen in FIGURE 1 and apparently crude prices increased partly as a result of this information. However, one can also see that total stocks were above five year highs over several periods and, as seen in FIGURE 2, crude stocks are above the top range of the last five years by some 20 mb. At first glance there seems little to be concerned about…
Much more after the jump to The Oil Drum.