U.S. Gasoline Inventory Drops More Than Expected

The American Petroleum Institute (API) reported a significant decrease in U.S. gasoline inventories for the week ending March 13. According to Jin10, the inventory fell by 4.56 million barrels, surpassing the expected decline of 1.815 million barrels. The previous week's data showed a decrease of 1.838 million barrels. This larger-than-anticipated drop in gasoline stocks may influence market dynamics and fuel prices in the coming days.