Gulf Coast crude stocks generally fall sharply in December because of inventory taxes
TODAY IN ENERGY: Tuesday, February 19, 2013
Crude oil inventories in the Gulf Coast often fall sharply in December, averaging a decline of nearly 8 million barrels in that month from 1981 through 2011. Preliminary data for December 2012 show a decline of more than 12.5 million barrels in the region, bringing end-of-year crude inventories to approximately 165 million barrels.
Source: U.S. Energy Information Administration, Petroleum Supply Monthly.
Notes: *January data are for 1982 - 2012. **December data are for 1981 - 2011