U.S. crude oil refinery inputs averaged over 15.2 million barrels per day during the week ending February 28, 2014, 87 thousand barrels per day less than the previous week’s average. Refineries operated at 87.4% of their operable capacity last week. Gasoline production increased last week, averaging over 9.0 million barrels per day. Distillate fuel production decreased last week, averaging 4.6 million barrels per day.

U.S. crude oil imports averaged over 7.1 million barrels per day last week, up by 75 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports averaged 7.4 million barrels per day, 3.2% below the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 330 thousand barrels per day. Distillate fuel imports averaged 404 thousand barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.4 million barrels from the previous week. At 363.8 million barrels, U.S. crude oil inventories are in the middle of the average range for this time of year. Total motor gasoline inventories decreased by 1.6 million barrels last week, but are above the upper half of the average range. Finished gasoline inventories increased while blending components inventories decreased last week. Distillate fuel inventories increased by 1.4 million barrels last week but are below the lower limit of the average range for this time of year. Propane/propylene inventories rose 0.5 million barrels last week but are near the lower limit of the average range. Total commercial petroleum inventories increased by 2.2 million barrels last week.

Total products supplied over the last four-week period averaged about 18.5 million barrels per day, down by 0.8% from the same period last year. Over the last four weeks, motor gasoline product supplied averaged over 8.3 million barrels per day, down by 1.5% from the same period last year. Distillate fuel product supplied averaged over 3.6 million barrels per day over the last four weeks, down by 4.3% from the same period last year. Jet fuel product supplied remained unchanged compared to the same four-week period last year.
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Source: EIA