Oil inventory and production data
- Gasoline -3199K vs -5200K exp
- Distillates inventories -1396K vs -3000K
- Refinery utilization -16.9% vs -8.85% exp
- Production -7.9%
- Production 8.781 mbpd vs 9.530 mbpd last week
There is so much to factor in with the storm. The obvious response is that this should be negative for gasoline, which isn't as tight as the prices at the pump would lead you to believe.
