The Mean Clean Streets

A year ago, United States gasoline stocks had reached a 15 year high at over 235 million bbls in the coffers.  Since then, gasoline stocks have retreated to as low as 178 million bbls before recovering to the current level of 215 million bbls – still down 7% from last March’s high.  In contrast, US crude oil working stocks reached a 15 year high this March at over 353 million bbls.  With the market’s expectation that peak driving season is around the corner, Medium Range (MR) tanker owners may be left wondering what the prospects are for gasoline imports to the US given the divergence of these inventories. Download here