U.S. gasoline production is running near record levels

Gasoline production by U.S. refiners and blenders has run near record levels over the first seven months of 2017, with four-week rolling average production well above its five-year average and close to the top of its five-year range. U.S. gasoline inventories also remain relatively high despite growing domestic and foreign demand, leading to draws from gasoline inventories in each of the past seven weeks. More »