Gasoline, diesel days supply… EIA

Here is more from the EIA’s Short Term Energy Outlook:

”High demand for both gasoline and distillate resulted in each petroleum product’s days of supply in the U.S. market reaching the lowest levels in several years. When adding exports to product supplied in the traditional days of supply calculation, days of supply of total motor gasoline was 22 days as of the four weeks ending December 1, 2017 (Figure 7), slightly higher than the days of supply in October, which would have been the fewest days of supply since August 2012, if confirmed by the PSM. Similarly, days of supply of distillate fell to 24 days during the same period and would be the fewest days of supply since February 2015. The increasingly tight U.S. distillate market could make ULSD price increases more likely this winter if global demand for distillate remains high and if the United States experiences colder-than-normal temperatures in the U.S. East Coast, where heating oil is widely used for residential heating.”