February RBOB prices took on a higher track overnight and probably garnered a level of support this morning on hopes for a strong US jobs report and higher crude oil and equity markets. Yesterday's EIA data showed gasoline stocks rising by a more than expected amount of 2.479 million barrels. This build brought current inventory levels to 2.047 million barrels above last year and 5.065 million above the five year average. Average total gasoline demand for the past four weeks was down 4.87% compared to last year. Gasoline imports came in at 734,000 barrels per day compared to 525,000 barrels the previous week.
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