Gasoline Supplies in U.S. Rise at Record Pace as Demand Falls

[LiberalArkie]

Refineries are stocking gasoline at the fastest pace on record as weak U.S. demand reduces their profit margins.

Inventories of the fuel rose by 19 million barrels in the two weeks ended Jan. 8, the Energy Information Administration reported, the biggest increase for any two weeks since data started in 1990. Refinery margins dropped to a one-month low.



Demand for the fuel averaged 8.81 million barrels a day in the four weeks ended Jan. 8, the lowest level since March, according to the EIA. Meanwhile, refineries used 16.5 million barrels of crude and other liquids to produce fuels, the highest level for this time of the year in EIA data begun in 1989.

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http://www.bloomberg.com/news/articles/2016-01-13/gasoline-supplies-in-u-s-rise-at-record-pace-as-demand-falls

[underpants]

1. I got $5 today. First gas purchase of 2016.

I'm getting about 45-50 mpg in my hybrid.