Crude, Gasoline Inventories Up, Demand Wanes

By: Associated Press Email
By: Associated Press Email

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Wednesday, April 1, 2009

Crude inventories and gasoline stockpiles are reported on the rise, as demand for motor fuel fell slightly, according to fresh government data.

The Energy Department says crude inventories rose 2.8 million barrels, some 15.5% above year-ago levels.

Gasoline supplies rose by 2.2 million barrels, reported 1% above year-ago levels.

Demand for gasoline over the previous month was 0.2% lower than a year earlier, averaging 9 million barrels a day.

Inventories of distillate fuel, which include diesel and heating oil, rose by 300,000 barrels.

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