Ankara:Gasoline inventories in the United States experienced regional declines despite a national increase last week, highlighting a complex supply situation as G7 economies plan to release emergency reserves to mitigate energy market pressures.

According to Anadolu Agency, data from the Energy Information Administration indicated that gasoline stocks decreased in four out of five petroleum reporting regions in the US for the week ending October 2. The Midwest saw a decline of 421,000 barrels, bringing its total to 41.41 million barrels, which is 12.7% below the previous year's level.

The Gulf Coast experienced the most significant drop, with inventories falling by 1.83 million barrels to 75.04 million barrels. Decreases were also noted on the West Coast and in the Rocky Mountain region. However, an increase of 2.8 million barrels on the East Coast offset these declines, leading to a nationwide rise of 382,000 barrels, bringing total US gasoline inventories to 204.74 million barrels.

Overall, US gasoline stocks remained 6.5% below the levels of the previous year. All regions reported lower inventories compared to the same week in 2025, with the Midwest experiencing the highest annual decline.

In response to these developments, G7 leaders agreed on October 2 to a coordinated release of 100 million barrels of oil through the International Energy Agency over the next four months. This release includes a significant amount of diesel to be distributed within the first 20 days and is part of commitments made in March, considering volumes already released.

Additionally, the G7 leaders committed to coordinating refinery maintenance to avoid simultaneous shutdowns and to temporarily increasing utilization rates where possible. They also called for increased global production of refined products, especially diesel, while reaffirming their commitment to avoid energy export restrictions among G7 countries. The leaders urged producers to avoid bans that could exacerbate market tensions.