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the maven

The Maven
I've been doing this a long time.
Joined Oct 7, 2015
102 Blog Posts

Gasoline Glut has hit our shores

The Maven Sun Jul 10, 2016 4:47pm EST 4 Comments

Way, way back in April 2016 I posted about the looming gasoline glut due to overproduction in China.. If you click the link at bottom you will open an interactive chart on the EIA website, but here is a visual as well. What you see here is imported gasoline from China and elsewhere, seeking a place to be stored. Go out and buy that F-250. You know you want to. Link to interactive chart is below.

chart

Interactive chart is here ——>  EIA Weekly Gasoline Inventory 1990-2016

 

 

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4 comments

  1. helicopter ben
    helicopter ben
    July 10, 2016 at 6:41 pm

    I wondered why gas seemed to decouple from oil recently where I live.

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  2. The Maven
    The Maven
    July 11, 2016 at 12:56 am

    I speak holistically, the Asian gas glut is pressuring OPEC to find places to sell it.

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    • helicopter ben
      helicopter ben
      July 11, 2016 at 7:25 am

      I live outside of Chicago and gas seems to be at levels where oil was much closer to $40

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  3. The Maven
    The Maven
    July 13, 2016 at 12:08 pm

    Look at the gasoline inventory today from EIA. This reflects the 4th of July weekend and that is not pretty.

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