U.S. crude oil refinery inputs averaged 17.1 million barrels per day during the week ending August 1, 2025, which was 213 thousand barrels per day more than the previous week’s average. Refineries operated at 96.9% of their operable capacity last week. Gasoline production decreased last week, averaging 9.8 million barrels per day. Distillate fuel production decreased by 104 thousand barrels per day last week, averaging 5.1 million barrels per day.
U.S. crude oil imports averaged 6.0 million barrels per day last week, decreased by 174 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.1 million barrels per day, 9.7% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 535 thousand barrels per day, and distillate fuel imports averaged 79 thousand barrels per day.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3 million barrels from the previous week.
At 423.7 million barrels, U.S. crude oil inventories are about 6% below the five year average for this time of year. Total motor gasoline inventories decreased by 1.3 million barrels from last week and are about 1% below the five year average for this time of year. Both finished gasoline inventories and blending components inventories decreased last week. Distillate fuel inventories decreased by 0.6 million barrels last week and are about 16% below the five year average for this time of year.
Propane/propylene inventories increased by 1.3 million barrels from last week and are 8% above the five year average for this time of year. Total commercial petroleum inventories increased by 2.1 million barrels last week.
Total products supplied over the last four-week period averaged 20.6 million barrels a day, up by 1.6% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 8.9 million barrels a day, down by 2.2% from the same period last year. Distillate fuel product supplied averaged 3.5 million barrels a day over the past four weeks, down by 3.8% from the same period last year. Jet fuel product supplied was up 3.8% compared with the same four-week period last year.
The price for West Texas Intermediate crude oil was $68.39 per barrel on August 1, 2025, $2.01 more than a week ago, and $6.6 less than a year ago.
The New York Harbor spot price for conventional gasoline was $2.118 per gallon, $0.021 more than a week ago, and $0.21 less than the year-ago price.
The spot price for No. 2 heating oil at New York Harbor was $2.191 per gallon, $0.11 less than a week ago, and $0.043 more than the price last year.
The national average retail price for regular gasoline increased to $3.140 per gallon on August 4, 2025, $0.017 more than last week’s price, and $0.308 less than the year-ago price. The national average retail diesel fuel price decreased $0.00 5 to $3.800 per gallon, $0.045 more than the price one year ago.
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Source: EIA