{"id":52270,"date":"2020-04-07T19:01:07","date_gmt":"2020-04-08T00:01:07","guid":{"rendered":"https:\/\/olduvai.ca\/?p=52270"},"modified":"2020-04-07T19:01:11","modified_gmt":"2020-04-08T00:01:11","slug":"u-s-gasoline-product-supplied-falls-off-a-cliff","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=52270","title":{"rendered":"U.S. Gasoline Product Supplied Falls Off A Cliff"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/srsroccoreport.com\/u-s-gasoline-product-supplied-falls-off-a-cliff\/\">U.S. Gasoline Product Supplied Falls Off A Cliff<\/a><\/h3>\n\n\n\n<p>In just two short weeks, U.S. gasoline product supplied to the market fell 32%.&nbsp; The last time weekly gasoline supplies were at this level was more than 30 years ago.&nbsp; Unfortunately, the continued lockdown of a large part of the country will negatively impact the gasoline supply market for the next several months.<\/p>\n\n\n\n<p>When the EIA, U.S. Energy Information Agency releases its weekly supply data over the next few weeks, I believe the motor gasoline supplied to the market will decline significantly.&nbsp;<strong>&nbsp;According to the EIA, finished motor gasoline product supplies fell to 6.6 million barrels per day (mbd) on March 27th versus 9.7 mbd reported on March 13th<\/strong>:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/d39ua1j16brbz0.cloudfront.net\/wp-content\/uploads\/2020\/04\/US-Weekly-Gasoline-Supply-March-27-2020.png\" alt=\"\" class=\"wp-image-21814\"\/><\/figure>\n\n\n\n<p>As we can see in the chart above, finished motor gasoline product supplies fell off a cliff during the week of March 27th.&nbsp; Typically, U.S. gasoline demand rises toward the end of March and early April.&nbsp; The average gasoline product supplied for the past three years during this week was 9.3 mbd.<\/p>\n\n\n\n<p>Regardless, I wouldn\u2019t be surprised to see U.S. gasoline product supplies to fall to 5 mbd or lower in the next 2-4 weeks.&nbsp; The BIG PROBLEM for the U.S. Refining Industry is that domestic demand for gasoline and jet fuel have fallen drastically while diesel consumption remains relatively strong.&nbsp; Why?&nbsp; The Trucking, Rail, and Shipping Industries that use diesel are still keeping quite busy.<\/p>\n\n\n\n<p><strong>So, over the next few months, gasoline and jet fuel inventories will continue to increase while diesel stocks are drawn down<\/strong>.&nbsp; This is due to the limited amount of diesel that can be refined from a barrel of oil.&nbsp; Here is a breakdown of the different petroleum products from a typical barrel of oil:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/d39ua1j16brbz0.cloudfront.net\/wp-content\/uploads\/2020\/04\/Barrel-Of-Oil-Products.png\" alt=\"\" class=\"wp-image-21816\"\/><\/figure>\n\n\n\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. Gasoline Product Supplied Falls Off A Cliff In just two short weeks, U.S. gasoline product supplied to the market fell 32%.&nbsp; The last time weekly gasoline supplies were at this level was more than 30 years ago.&nbsp; Unfortunately, the continued lockdown of a large part of the country will negatively impact the gasoline supply [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[251,1729,6242,12073,29336],"class_list":["post-52270","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-eia","tag-oil-and-gas-industry","tag-refined-oil","tag-srsrocco-report","tag-us-gasoline-products"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52270"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52270\/revisions"}],"predecessor-version":[{"id":52271,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52270\/revisions\/52271"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}