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Updated weekly gasoline export estimates affect year-over-year gasoline demand comparisons

TODAY IN ENERGY: Thursday, March 21, 2012

Updated weekly gasoline export estimates affect year-over-year gasoline demand comparisons

EIA's Weekly Petroleum Status Report collects weekly data on crude oil and product imports, stocks of crude and product, and refinery runs, but it does not collect data on product exports, which also affect weekly balances and estimates of "product supplied." Last August, EIA implemented a new methodology to improve the accuracy of the weekly gasoline export estimates. Consideration of the new export methodology substantially reduces the estimated decline in gasoline product supplied between January 2011 and January 2012.

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Posted: March 21, 2012