Finished gasoline imports averaged 532 thousand barrels per day, an increase of 360 thousand barrels per day from the prior week. Total motor gasoline stocks at the primary storage level were 11.2 million barrels above the level for the same week last year. Imports of total gasoline averaged 636 thousand barrels per day of which 349 thousand barrels per day were reformulated. Prices dropped back the next day as analysts worried about the execution of the cuts. The national average retail regular gasoline price retreated slightly from the gain recorded last week.
Oxygenated program lead the decline as suppliers attempt to make room for summer grade gasolines.