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API’s Gasoline and Distillate Inventories on May 18–15

Gordon Kristopher
API’s Gasoline and Distillate Inventories on May 18–15

On May 30, the API (American Petroleum Institute) released its US gasoline and distillate inventory data. The API reported that US gasoline inventories decreased by ~1.7 MMbbls (million barrels) on May 18–25. A Reuters survey estimates that US gasoline inventories could have declined by ~1.37 MMbbls during the same period.