Posted: Wed Nov 07, 2007 10:46 am Post subject: Uh oh. US gasoline inventories fell again this week
Uh oh. US gasoline inventories fell again this week:
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Gasoline inventories fell by 800,000 barrels last week, countering analyst expectations for an increase of 200,000 barrels.
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The EIA reported that crude supplies fell by 800,000 barrels during the week ended Nov. 2, half the 1.6 million barrel decline
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Demand for gasoline rose slightly last week, by about 12,000 barrels, the EIA said. Over the last four weeks, demand is up about 0.8 percent over the same period last year.
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Supplies at the much-watched Nymex delivery terminal in Cushing, Okla., fell by 1.7 million barrels last week.
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