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Msg  322833 of 323814  at  4/7/2021 10:53:58 AM  by

old_doodle_bugger

The following message was updated on 4/7/2021 10:55:24 AM.

Re: EIA

 
 This week's report: "Total motor gasoline inventories increased by 4.0 million barrels last week"
 
Had the gasoline imports been in the typical 600,000 BPD (rather than the reported
1,300,000 BPD) there would have been a draw in gasoline inventories.
 
As we are in the spring shoulder season; we should be building for the Summer driving season ... looks like we are taking advantage of European (and elsewhere) excess gasoline to help achieve the goal of building needed inventory.
 


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