According to the EIA’s Weekly Petroleum Status Report (WPSR), for the week ended Friday, January 16, a drop in implied motor gasoline (mogas) demand contributed to a nearly 6 MMbbl build in total gasoline inventories, lifting total mogas stocks to 257 MMbbl (yellow dashed oval in chart below), the highest level seen since February 2021.
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Big Time – Exchange of Barrels from U.S. SPR Would Drop Stocks to Lowest Levels Since the 1980s
Today, we detail U.S. plans to release 172 MMbbl from the Strategic Petroleum Reserve, examine how it compares with U.S. actions after the Russian invasion of Ukraine in 2022, and why the SPR could drop to levels not seen since the Reagan administration.
Bearish Fundamentals Lift Crude Oil and Motor Gasoline Inventories
According to the EIA’s Weekly Petroleum Status Report (WPSR) released this morning for the week ended February 6, crude balances tilted bearish as rebounding U.S. production, stronger imports, and softer exports combined with lower refinery runs to drive a sizeable commercial inventory build.
Holiday Demand Weakness Drives Motor Gasoline Inventory Build
The EIA’s Weekly Petroleum Status Report (WPSR) released this morning shows a steep increase in motor gasoline inventories for the week ending January 2, 2026.