Propane stocks appear to be peaking but still at record; + 20 million bbls above prior-eyar level.
US distillate stocks draw hard (-2.6 million bbls) eroding surplus over 2014 9(+19.3 million bbls) and 10-year average (+14.9 million bbls).
US gasoline stocks only slightly higher than last year once adjusted for increased consumption.
US gasoline stocks fell -1.5 million bbls; second consecutive decline, as refineries work down excess inventories.
US gasoline consumption averaged 9.1 million bopd over last four weeks, which is +272,000 bopd above prior year level. Saudi got us hooked on gasoline again.
US refinery throughput edged up +78,000 bopd as refiners reach the mid-point of maintenance season.
US crude oil imports are running high during maintenance season with surplus going into refinery/merchant storage.
Rise in crude oil stock was driving by continued strong flow of import s (7.5 milion bopd) despite refinery maintenance.
US commercial crude oil stocks jumped by another 8.0 million bopd last week, taking four-week gain to +22.6 million bbls. The refiners like that inexpensive foreign oil.
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Notes to the Granddaughters
After finishing The Catcher In The Rye, I googled "Diary of a Wimpy Kid" "Catcher in the Rye". Here are some of the hits:
- Jeff Kinney: I didn't think I was writing Wimpy Kid for kids ...
- Wimpy Kid "Is Descended From Holden Caulfield", JD -- BBC
- 'Wimpy Kid: Last Straw" ... was chosen to match the cover of J. D. Salinger's Catcher in the Rye
- FAQs / Wimpy Kid; was growing up, I loved Judy Blume and also J. D. Salinger's The Catcher in the Rye"
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