Gasoline Inventory Surged

Total motor gasoline inventory in the U.S. has surged to highs during a period when inventories typically fall. The chart is a 10 year seasonal chart with this year's total motor gasoline in orange. The solid gray lines are the highs and lows while the dotted line is the 10-year average. Gasoline inventory was already at high levels prior to the lockdown and are now at highs regardless of the season.