Gasoline - Days of Inventory

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This is a chart of the United States' days of gasoline inventory on hand plotted against the average retail price of gasoline. I've taken the weekly total inventory number released by the EIA and divided it by the corresponding week's number for millions of barrels of gasoline consumed daily. Note that the left axis is not zero scaled. Price of gasoline is inflation adjusted.

Notice the gradual downward trend from a range of 25-30 days a decade ago to 20-25 days currently.

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