US Gulf Coast gasoline differentials had no reaction to bearish data the Energy Information Administration released Wednesday.
Gasoline stocks in the Gulf Coast rose 1.31 million barrels to 82.01 million barrels last week, its highest level in four weeks, EIA data showed.
The differential for Gulf Coast conventional pipeline gasoline with 9 RVP (M2) was heard traded at NYMEX May RBOB minus 18.25 cents/gal, unchanged from Tuesday's assessment.
Gulf Coast refinery utilization rose 4.4 percentage points to 94.4%, its highest level in 13 weeks, EIA data showed.
Despite the refinery rate increase, gasoline production actually fell 45,000 b/d to 2.17 million b/d.
