U.S. crude oil refinery inputs averaged over 15.3 million barrels per day during the week ending December 28, 13 thousand barrels per day above the previous week’s average. Refineries operated at 90.4 percent of their operable capacity last week. Gasoline production decreased last week, averaging over 8.9 million barrels per day. Distillate fuel production decreased last week, averaging about 4.9 million barrels per day.
U.S. crude oil imports averaged 7.1 million barrels per day last week, down by 931 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 8.0 million barrels per day, 475 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 487 thousand barrels per day. Distillate fuel imports averaged 108 thousand barrels per day last week.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 11.1 million barrels from the previous week. At 359.9 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 increased by 2.6 million barrels last week and are well above the upper limit of the average range. Finished gasoline inventories decreased while blending components inventories increased last week. Distillate fuel inventories increased by 4.6 million barrels last week but remained below the lower limit of the average range for this time of year. Propane/propylene inventories decreased by 2.2 million barrels last week, but remained well above the upper limit of the average range. Total commercial petroleum inventories decreased by 10.0 million barrels last week.
Total products supplied over the last four-week period have averaged over 19.1 million barrels per day, up by 3.1 percent from the same period last year. Over the last four weeks, motor gasoline product supplied has averaged about 8.6 million barrels per day, down by 2.3 percent from the same period last year. Distillate fuel product supplied has averaged just under 3.7 million barrels per day over the last four weeks, down by 6.4 percent from the same period last year. Jet fuel product supplied is 2.7 percent higher over the last four weeks compared to the same four-week period last year.
Source: US Department of Energy