Markets

Morning Gasoline Market Report

January RBOB prices formed an outside-day range overnight and reversed early gains, likely pressure by weakness in crude oil and a number of outside markets. Wednesday's EIA gasoline stocks report showed a much larger than expected increase of 4.475 million barrels. This left current inventories 42,000 barrels above last year and 6.064 million above the five year average. Average total gasoline demand for the past four weeks was down 4.04% compared to last year. Gasoline imports came in at 956,000 barrels per day compared to 762,000 barrels the previous week.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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