facebook
twitter
rss
account
search
search
 

Crude oil supplies slide

Aug. 15, 2013 at 2:37 PM   |   Comments

WASHINGTON, Aug. 15 (UPI) -- U.S. crude oil inventories fell in the week ending Friday, Aug. 7, the Energy Information Administration said in release.

Crude oil stockpiles declined by 2.8 million barrels during the week. At 360.5 million barrels, supplies are near the upper half of the average range on a seasonal basis. The inventory report was released late Wednesday.

The agency said supplies of motor grade gasoline fell by 1.2 million barrels to 222.4 million barrels and are near the upper limit of the average range for this time of year.

Supplies of distillate fuels, which include home heating oil, rose by 2 million barrels to 128.5 million barrels. Inventories of distillate fuels are near the lower limit of the average range for this time of year.

The national average price of unleaded gasoline dropped by 7.1 cents in the week, sliding to $3.561 per gallon, putting the price of gasoline 16 cents below the same week of 2012.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
1
Iran boasts of nuclear energy potential
2
Home Depot latest victim of hackers
3
Russian military receives upgraded helicopters
4
U.S. Navy receives new attack submarine
5
A400M demos refueling capability using Cobham equipment
Trending News
Video
x
Feedback