May 2000

Trends and Resources

HP In Brief: HPIn Brief

'An extraordinarily tight supply / demand balance' for summer-season motor gasoline markets in the U.S. are projected. According to data from the Energy Information Administration (www.eia.doe.gov), r..

Weirauch, Wendy, Hydrocarbon Processing Staff

'An extraordinarily tight supply / demand balance' for summer-season motor gasoline markets in the U.S. are projected. According to data from the Energy Information Administration (www.eia.doe.gov), retail gasoline prices (regular grade) are expected to average $1.46/gal, 25% higher than last summer. Demand is projected to average 8.72 million barrels / day (MMbpd), up 130 thousand bpd (Mbpd), or 1.5%, from last summer. Motor gasoline stocks are currently low and are projected to remain relatively low throughout the driving season. Total beginning-of-season (April 1) stocks are sharply below last year's levels and are near the low end of the normal range. Refineries will be expected to meet

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