Later, 1:41 p.m. Central Time: see first comment --
I missed that record high too, & I look at that table every week. I even commented on it as a reason for that week's drop in gasoline inventories:Now to explain the significant jump, third week in June? Let's see, if one gets paid every two weeks ... one has the cash to buy at the beginning of the third week ... you know, we might hit 10 million bbls before the end of the summer ...."Our end of the week gasoline inventories decreased by 578,000 barrels to 241,866,000 barrels by June 16th, after increasing by 5,420,000 barrels over the prior two weeks ... this week's gasoline supplies were reduced because our domestic consumption of gasoline jumped by 547,000 barrels per day to 9,816,000 barrels per day, after falling by 553,000 barrels per day the prior two weeks"
The four-week average is still below last year, but last year was a "record year" for gasoline demand.