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US Strategic Petroleum Reserves Hit 40-Year Low Last Week, Gasoline Stockpiles Fall for 13th Consecutive Week

GateNews

2026-05-13 14:35:48

According to Jin10 data, the US strategic petroleum reserves dropped to their lowest level since October 2024 last week (May 5–11), marking the largest weekly decline since August 1982. The drawdown extended a streak of seven consecutive weeks of declines. Meanwhile, US crude oil production reached its highest level since mid-February, and domestic gasoline inventories fell for the 13th consecutive week.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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