Gasoline Rebounds After Weaker Than Expected Inventory Numbers

The Gasoline market and the United States Gasoline Trust (UGA) have rebounded after a worse than expected inventory number released by the Department of Energy.

Total motor gasoline inventories increased by 3.7 million barrels last week, and are above the upper limit of the average range. Both finished gasoline inventories and blending components inventories increased last week. The market was expecting a build of 1 million barrels of gasoline.