Update On US Gasoline Production; Days Of Supply; Crude Oil Production; And, Days Of Supply -- February 24, 2018 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title Update On US Gasoline Production; Days Of Supply; Crude Oil Production; And, Days Of Supply -- February 24, 2018, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : Update On US Gasoline Production; Days Of Supply; Crude Oil Production; And, Days Of Supply -- February 24, 2018
link : Update On US Gasoline Production; Days Of Supply; Crude Oil Production; And, Days Of Supply -- February 24, 2018

Update On US Gasoline Production; Days Of Supply; Crude Oil Production; And, Days Of Supply -- February 24, 2018

Back on June, 25, 2016, I noted that "an eagle-eyed reader noted that the US set a new gasoline production record": 10,289,000 bbls of gasoline/day during June, 2016. At that post, I made the comment: look how few times US crude oil production exceeded 10 million b/d.

Now look how often the US exceeds 10 million b/d of gasoline production:

The other graph that continues to amaze me is the trend of gasoline production over time. I thought with all those EVs that Elon Musk is selling and the stricter CAFE standards, gasoline production should be trending down. There is not even a suggestion that gasoline production will be trending down any time soon. 

I could be wrong, but I believe "produced gasoline" includes gasoline that will be exported. But for the moment, the amount of gasoline being exported is a relative "drop in the bucket" vs the amount of gasoline that is being produced.

*********************************

US Crude Oil 

Days of crude oil supply is trending in the correct direction for those looking for re-balancing, but I think it's too early to say a) if the trend will continue; and, b) if it continues, how quickly it will return to 24 days of supply (which is still greater than the 18 - 20 days one might like to see.

http://ift.tt/2dZyQXu

Thus Article Update On US Gasoline Production; Days Of Supply; Crude Oil Production; And, Days Of Supply -- February 24, 2018

That's an article Update On US Gasoline Production; Days Of Supply; Crude Oil Production; And, Days Of Supply -- February 24, 2018 This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article Update On US Gasoline Production; Days Of Supply; Crude Oil Production; And, Days Of Supply -- February 24, 2018 with the link address https://mylivemyidea.blogspot.com/2018/02/update-on-us-gasoline-production-days.html

Tweet

Subscribe to receive free email updates: