Total domestic gasoline stocks continue to increase, according to new data from the Energy Information Administration. Stocks increased by 5.4 million bbl last week, bringing the total to 234.8 million bbl. Additionally, gas demand decreased from 9.03 million b/d to 8.88 million b/d. As stocks continue to grow, while demand decreases, pump prices across the nation are likely to continue seeing downward pressure through this week. Meanwhile, the national average continues to hold steady, since Monday, at $2.57 per gallon for regular unleaded gasoline.
Gas Stocks Grow for Fifth Consecutive Week