EIA Weekly Petroleum Report

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.1 million barrels from the previous week. At 417.1 million barrels, U.S. crude oil inventories are about 2% below the five year average for this time of year.  U.S. crude oil refinery inputs averaged 16.7 million barrels per day during , 2019, which was 788,000 barrels per day less than the previous week’s average. Refineries operated at 91.2% of their operable capacity last week. Gasoline production decreased last week, averaging 9.5 million barrels per day. Distillate fuel production decreased last week, averaging 5.1 million barrels per day. U.S. crude oil imports averaged 7.1 million barrels per day last week, up by 326,000 barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.7 million barrels per day, 13.7% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 501,000 barrels per day, and distillate fuel imports averaged 142,000 barrels per day. Total motor gasoline inventories increased by 0.8 million barrels last week and are about 4% above the five year average for this time of year. Finished gasoline inventories decreased while blending components inventories increased
last week. Distillate fuel inventories increased by 0.4 million barrels last week and are about 6% below the five year average for this time of year. Propane/propylene inventories increased by 2.9 million barrels last week and are about 16% above the five year average for this time of year. Total commercial petroleum inventories increased last week by 0.9
million barrels last week. Total products supplied over the last four-week period averaged 21.4 million barrels per day, virtually unchanged from the same period last
year. Over the past four weeks, motor gasoline product supplied averaged 9.5 million barrels per day, down by 1.8% from the same period last year. Distillate fuel product supplied averaged 4.0 million barrels per
day over the past four weeks, down by 2.0% from the same period last year. Jet fuel product supplied was down 1.4% compared with the same four-week period last year. The West Texas Intermediate crude oil price was $54.76 per barrel on September 13, 2019, $1.69 below last week’s price and $14.22 less than a year ago. The spot price for conventional gasoline in the New York Harbor was $1.686 per gallon, $0.025 less than last week’s price and $0.348 lower than a year ago. The spot price for ultra-low sulfur diesel
fuel in the New York Harbor was $1.893 per gallon, unchanged from last week’s price but $0.317 under a year ago. The national average retail regular gasoline price was $2.552 per gallon on September 16, 2019, $0.002 more than last week’s price but $0.289 under a year ago. The national average retail diesel fuel price was $2.987 per gallon, $0.016 above last week’s price but $0.281 under a year ago.