Why The U.S. Gasoline Stock Build Was Not Surprising

INO.com Traders Blog http://ift.tt/2s61X1p The Energy Information Administration (EIA) reported that gasoline stocks had “surprisingly surged despite heavy driving on the Memorial Day weekend.” But the 3.3 million barrel build was actually not that surprising, given the development of gasoline production capacity and the relative softness of gasoline demand. Over the past four years, the U.S. refining industry expanded […]