Slide 11 of 19
- Gasoline inventories in the United States began last summerís driving season at low levels and ended at low levels.
- In October 2000, with the market focusing on distillate, gasoline inventories slipped well below the normal range.
- As of December 29, gasoline inventories were about 194 million barrels, which is almost 5% below the 5-year average level for this time of year.
- EIAís current forecast is for gasoline markets to remain relatively tight entering the driving season and through next year. Low inventory levels raise the risk of price volatility, especially in response to regional supply problems.