Total MotorGasoline Inventories increased by 3.2 million barrels to 234.1 million barrels for the week ending May 31, 2019. The expectations average was for a 600,000 barrel increase.
Implied Demand was up by 50,000 barrels per day to 10.7 million barrels per day.
Gasoline Production increased by 190,000 barrels per day to 10.05 million barrels per day.
The DOE report was very bearish to gasoline and prices tracked crude, ending the trading day down about 2.8 cents, or about $1.16 a barrel. The counter seasonal change in gasoline stocks and demand falling during summer driving season are pressuring prices.