US gasoline stocks drop as implied demand improves

摘要

New York-US gasoline stocks fell an unexpected 2.9 million barrels last week, as production dropped and implied gasoline demand continued to improve, an analysis of the weekly data from the US Energy Information Administration showed February 11. US implied gasoline demand turned positive on a four-week moving average against year-ago levels for the first time since the early May 2008. At 8.828 million b/d the week ending February 6, gasoline demand on a fourweek average was up 0.1% from year-ago levels, even though demand inched down 9,000 b/d to 9.006 million b/d week-over-week.