The EIA’s Weekly Petroleum Status Report released this morning points to a loosening in U.S. motor gasoline balances for the week ending January 2, 2026. As highlighted in our Crude Billboard, implied motor gasoline demand declined by nearly 400 Mb/d last week, reflecting typical holiday-related consumption weakness around the New Year. Against this backdrop, total motor gasoline inventories (red line in the chart below) recorded a 7.7 MMbbl build, with the bulk of the increase concentrated in PADDs 2 and 3.
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- Analyst Insight
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.
- Analyst Insight
Bearish Inventory Signals Emerge as Gasoline and Crude Stocks Build
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.
- Blog
How’s It Going to Be – How a Prolonged Conflict with Iran Could Disrupt U.S. Gasoline, Jet and Diesel Markets
The U.S. is seeing softer domestic demand for traditional fuels, but pockets of the country remain highly dependent on imported gasoline, jet fuel and diesel. Today, we’ll zero in on which PADDs are at the highest risk for shortages and price spikes if the Iran war drags on for an extended period.
