Gasoline Stocks Fall More Than Expected

Sigue la tendencia que llevamos desde hace tiempo: aumentan las reservas de petróleo y bajan las de gasolina... al parecer, las refinerías no dan abasto!! Y obviamente, los márgenes de refino suben y suben.

Shares of oil refiners rose Wednesday, after the federal government reported a sharper than expected drop in gasoline inventories last week.

In its weekly petroleum supply report, the Energy Information Administration said total motor gasoline stocks fell by 5 million barrels to 205.2 million barrels. Analysts expected a decline of just 1 million barrels, according to a survey by Dow Jones Newswires. Gasoline inventories are in the lower half of the average range, the EIA said.

Crude oil stocks, meanwhile, rose more than expected to 332.7 million barrels. The 4.3 million barrel increase beat analysts' expectations of a 1.7 million barrel rise.