61.   Meanwhile, after the close of trading, the American Petroleum Institute released a weekly inventory report showing moderate drawdowns on crude stores, while gasoline inventories rose slightly.

62.   Refineries need to rebuild depleted gasoline inventories.

63.   Still, analysts say U.S. and European gasoline inventories are plentiful.

64.   The growth in gasoline inventories has cut into refining margins, forcing many a refinery to lower production in recent weeks.

65.   The latest inventory data did little to dispel fears over historically low gasoline inventories ahead of the summer driving season, analysts said.

66.   The summer driving season is half over, and gasoline inventories are now at comfortable levels, the IEA said.

67.   This year gasoline inventories are running below year-ago levels and are adding to fears of runaway prices.

68.   Otherwise, the larger-than-expected fall in distillate stocks had been offset by a bigger-than-expected rise in gasoline inventories, he noted.