facebook
twitter
rss
account
search
search
 

Crude oil supplies head back toward upper range

Sept. 25, 2013 at 4:44 PM   |   Comments

WASHINGTON, Sept. 25 (UPI) -- U.S. crude oil inventories rose by 2.6 million barrels in the week that ended Friday, the Energy Information Administration said.

The surge followed the first week this year that crude oil inventories spent below the upper limits of the average range.

The energy monitoring agency said inventories rose to 358.3 million barrels in the week and were headed "toward the upper limit for this time of year."

The agency said supplies of motor grade gasoline rose by 200,000 barrels to 216.2 million barrels and are in the upper half of the average range for this time of year.

Supplies of distillate fuels, which include home heating oil, fell by 200,000 barrels to 130.9 million and remain near the lower limit of the average range for this time of year.

The national average retail price of regular unleaded gasoline fell in the week, dropping 5.2 cents to $3.495 per gallon. The price is 33.1 cents per gallon below the price in the same week of 2012, the EIA said.

© 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
Celebrity Couples of 2014 [PHOTOS]

Celebrity Couples of 2014 [PHOTOS]

Most Popular
1
Norways Kongsberg to demo missile for U.S. Navy Norways Kongsberg to demo missile for U.S. Navy
2
Pizza Hut hoping the "Skinny Slice" will mean big bucks
3
E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover
4
Tony Hayward: Kurdish oil sector open for business Tony Hayward: Kurdish oil sector open for business
5
Saab producing vehicle protection system for unidentified customer Saab producing vehicle protection system for unidentified customer
Trending News
Video
x
Feedback