US fuel inventories could shrink in 2026
The Energy Information Administration expects a reduction in US fuel inventories in 2026 due to refinery closures and falling prices
The United States could face a reduction in its motor fuel, distillate fuel oil and jet fuel stocks in 2026 due to the effects of refinery closures and falling prices.
The US Energy Information Administration (EIA) forecast in its February Short-Term Energy Outlook points to a drop in these items to “their lowest levels since 2000.”
One of the reasons for this forecast is the closure of two refineries, which will reduce the country’s production of refined petroleum products, in addition to the forecast of increased consumption.
The EIA “forecasts that inventories of these fuels will end next year at 375 million barrels, the lowest level since 2000, when they ended the year at 358 million barrels.” As a result, an increase in wholesale and retail fuel prices is expected.
The agency notes: “Due to both the greater efficiency of cars and lower job growth, the EIA forecasts that motor gasoline consumption in the United States will decrease by about 1% in 2026, after having registered no year-on-year changes in 2025.”
M.Pino
Source: elperiodicodelaenergia
(Reference image: engin akyurt on Unsplash)
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