Report about gasoline inventories

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EIA Petroleum Status Report

Released On 1/21/2016 11:00:00 AM For wk1/15, 2016 Prior Actual Crude oil inventories (weekly change) 0.2 M barrels 4.0 M barrels Gasoline (weekly change) 8.4 M barrels 4.6 M barrels Distillates (weekly change) 6.1 M barrels -1.0 M barrels

Highlights Another very large build for gasoline leads another bloated petroleum inventory report. After swelling by 19 million barrels in the prior two weeks, gasoline inventories rose another 4.6 million and are officially classified as well above their upper limit. Oil inventories are near record highs, up 4.0 million barrels in the latest week. Distillate inventories, though dipping 1.0 million barrels, are still near their upper limit. And high inventories are coming at a time when demand indications are very low, down 2.8 percent year-on-year for gasoline and down a very steep 15.4 percent for distillates, the latter likely reflecting both warm temperatures and light industrial demand. Demand for oil is mixed in initial reaction to the report with WTI first swinging below $28.50 then bouncing toward $29.00.

Definition The Energy Information Administration (EIA) provides weekly information on petroleum inventories in the U.S., whether produced here or abroad. The level of inventories helps determine prices for petroleum products.  Why Investors Care

As is evident from the chart, crude oil stocks can fluctuate dramatically over the year. When oil prices nearly reached $50 per barrel in August 2004, financial market players began to monitor crude oil inventories. It is not surprising to see sharp price hikes in crude oil when inventories are falling. Conversely, one would expect price declines when inventories are rising. Data Source: Haver Analytics