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Why Gasoline Stocks Rose for the First Time in the Last 6 Weeks

US Crude Oil Inventory and Production Boost Crude Oil Prices

(Continued from Prior Part)

Gasoline stocks

The EIA (U.S. Energy Information Administration) reported that US gasoline stocks rose by 1.4 MMbbls (million barrels) to 244 MMbbls for the week ending April 1, 2016—compared to the previous week. Market surveys estimated that the gasoline inventory could have fallen by 1 MMbbls for the same period. US gasoline inventories are 6% more than they were during the same period in 2015. They’re also higher than the five-year upper range.

Gasoline production...