Gasoline Inventories Fell More than Analysts Expected

According to the Market Realist, the EIA (US Energy Information Administration), in its weekly Petroleum Status Report released on October 15, states that US gasoline inventories fell by 2.6 MMbbls (million barrels) to 221.3 MMbbls in the week ending October 9. Moreover, the American Petroleum Institute released a report on October 14, stating that gasoline supplies fell by 5.0 million barrels. Analysts had expected inventories to fall by 1.65 MMbbls.

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About Scott

Live next to Chevron refinery. Lots of petroleum consultants in the area. I am interested in learning more about the industry. Also, interested in finance, business, and investing in world markets.
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