Petroleum and petroleum products wholesalers report 7.7 percent decrease in August inventories

Inventories held by petroleum and petroleum products wholesalers in August were valued at $20.3 billion, a decrease of 7.7 percent from the revised July 2019 level, according to a U.S. Census Bureau report which was released in October.</p> <p>Petroleum and petroleum products wholesalers reported total inventories worth $22 billion the previous month.</p> <p>The data is after adjustment for seasonal variations and trading day differences, but not for price changes.</p> <p>The Census Bureau conducts a monthly wholesale trade survey in order to provide an up-to-date indication of sales and inventory trends for U.S. merchant wholesalers, excluding manufacturers’ sales branches and offices.</p> <p>The survey is considered to be a reliable measure of current economic activity.</p> <p>Information requested in the survey includes monthly sales reports, end-of-month inventories, number of establishments covered by the report, and the ending date of the reporting period.</p> </p></div> 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= document.querySelectorAll('.zedity-responsive > iframe'); for (var i = e.length - 1; i >= 0; --i) { var pw = e[i].parentNode.offsetWidth; var ow = e[i].parentNode.getAttribute('data-origw'); var oh = e[i].parentNode.getAttribute('data-origh'); if (oh && ow && pw < ow) { e[i].style.width = pw + 'px'; e[i].style.height = Math.round(oh * pw / ow) + 'px'; } } return resize; })(); })(); </script> <script type="text/javascript" src="https://usiscc.org/wp-content/plugins/zedity/zedity/zedity-responsive.min.js?8.0.5" async></script> <script></script><div class="jeg_ad jnews_mobile_sticky_ads "></div><script type='application/ld+json'>{"@context":"http:\/\/schema.org","@type":"Article","mainEntityOfPage":{"@type":"WebPage","@id":"https:\/\/usiscc.org\/petroleum-and-petroleum-products-wholesalers-report-7-7-percent-decrease-in-august-inventories\/"},"dateCreated":"2019-11-10 14:42:12+00:00","datePublished":"2019-11-10 14:42:12+00:00","dateModified":"2019-11-10 14:42:12+00:00","url":"https:\/\/usiscc.org\/petroleum-and-petroleum-products-wholesalers-report-7-7-percent-decrease-in-august-inventories\/","headline":"Petroleum and petroleum products wholesalers report 7.7 percent decrease in August inventories","name":"Petroleum and petroleum products wholesalers report 7.7 percent decrease in August inventories","articleBody":"<br><div>\n \n <p class=\"entry-img-middle\">\n <img src=\"https:\/\/usiscc.org\/wp-content\/uploads\/2019\/11\/Petroleum-and-petroleum-products-wholesalers-report-7.7-percent-decrease-in.jpg\" alt=\"\" class=\"img-fluid img-responsive\"\/><br\/><small>\n \n \n <\/small>\n <\/p>\n \n \n\n\n <title\/>Inventories held by petroleum and petroleum products wholesalers in August were valued at $20.3 billion, a decrease of 7.7 percent from the revised July 2019 level, according to a U.S. Census Bureau report which was released in October.\n\n <p>Petroleum and petroleum products wholesalers reported total inventories worth $22 billion the previous month.<\/p>\n\n <p>The data is after adjustment for seasonal variations and trading day differences, but not for price changes.<\/p>\n\n <p>The Census Bureau conducts a monthly wholesale trade survey in order to provide an up-to-date indication of sales and inventory trends for U.S. merchant wholesalers, excluding manufacturers' sales branches and offices.<\/p>\n\n\n\n\n\n <p>The survey is considered to be a reliable measure of current economic activity.<\/p>\n\n <p>Information requested in the survey includes monthly sales reports, end-of-month inventories, number of establishments covered by the report, and the ending date of the reporting period.<\/p>\n\n \n\n\n <\/div><script>\n !function(f,b,e,v,n,t,s)\n {if(f.fbq)return;n=f.fbq=function(){n.callMethod?\n n.callMethod.apply(n,arguments):n.queue.push(arguments)};\n if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\n n.queue=[];t=b.createElement(e);t.async=!0;\n t.src=v;s=b.getElementsByTagName(e)[0];\n 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