U.S. crude oil refinery inputs averaged 14.9 million barrels per day during the week ending November 16, 277 thousand barrels per day above the previous week’s average. Refineries operated at 87.5 percent of their operable capacity last week. Gasoline production increased last week, averaging 9.2 million barrels per day. Distillate fuel production increased last week, averaging about 4.7 million barrels per day.
U.S. crude oil imports averaged about 7.8 million barrels per day last week, down by 102 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 7.9 million barrels per day, 721 thousand barrels per day below the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 616 thousand barrels per day. Distillate fuel imports averaged 176 thousand barrels per day last week.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.5 million barrels from the previous week. At 374.5 million barrels, U.S. crude oil inventories are well above the upper limit of the average range for this time of year. Total motor gasoline inventories decreased by 1.5 million barrels last week and are in the lower half of the average range. Finished gasoline inventories remained unchanged, while blending components inventories decreased last week. Distillate fuel inventories decreased by 2.7 million barrels last week and are well below the lower limit of the average range for this time of year. Propane/propylene inventories decreased by 0.5 million barrels last week, but remained well above the upper limit of the average range. Total commercial petroleum inventories decreased by 6.2 million barrels last week.
Total products supplied over the last four-week period have averaged about 18.9 million barrels per day, down by 1.4 percent from the same period last year. Over the last four weeks, motor gasoline product supplied has averaged over 8.7 million barrels per day, up by 1.6 percent from the same period last year. Distillate fuel product supplied has averaged about 3.9 million barrels per day over the last four weeks, down by 9.2 percent from the same period last year. Jet fuel product supplied is 6.9 percent lower over the last four weeks compared to the same four-week period last year.
Source: US Department of Energy