Total domestic gasoline stocks continue to decline, according to new data from the Energy Information Administration (EIA). In its latest weekly report, EIA reported that gas stocks fell by 3.1 million bbl last week, bringing the total to 223.1 million bbl. The current level is 6.2 million bbl below last year’s level at this time. Although stocks have tightened, amid robust demand — which grew by 250,000 b/d last week to 9.6 million bbl — low crude prices have helped to push down pump prices. Since Monday, the national average for unleaded regular gasoline has decreased by two cents to $2.62.
Gasoline Stocks Fall Alongside National Average