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This Week in Petroleum

THIS WEEK IN PETROLEUM REPORT RELEASE - February 9, 2011

This Week In Petroleum

The Art of Understanding Weekly Variations in Product Supplied Estimates

Readers who follow the U.S. Energy Information Administration's (EIA) weekly product supplied estimates for gasoline, distillates, kerosene-jet fuel, residual fuel oil, and propane in the Weekly Petroleum Status Report (WPSR), could be tempted to read too much into the week-to-week fluctuations reported for those products. For example, does a one-week increase in distillate product supplied of 400,000 barrels per day necessarily indicate that the Nation's consumption of distillate fuels has suddenly skyrocketed compared to the prior week? Maybe, but not necessarily. This issue of This Week In Petroleum highlights some of the factors that underlie EIA's weekly product supplied estimates to help readers better understand why some products may show relatively large weekly swings and suggests a broader, more relevant context for considering these estimates.   . . .

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