Quote:
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Originally Posted by jseal
For those who are willing to accept the US DOE’s numbers, in June of this year, there were approximately 107 million barrels of gasoline stock. Also in June daily consumption was approximately 9 million barrels. This works out to less than 1 day’s consumption stockpiled.
With a margin as thin as that, a little bit of panic buying goes a long way. |
If you dig deeper at your first link you can find a week stock which show the weekly stock you see 06/06 has 105,560, 06/13 has 106,241, 06/20 has 106,292 and 06/27 has 106,707. So using you logic below there would be 424,800.
Quote:
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Originally Posted by jseal
107 mb June gasoline stock
(9 mb/day * 30 days in June) = 270 mb June consumption
107 / 270 < 1
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