Summary of Weekly Petroleum Data for the week ending June 14, 2024
U.S. crude oil refinery inputs averaged 16.8 million barrels per day during the week ending June
14, 2024, which was 281 thousand barrels per day less than the previous week’s average.
Refineries operated at 93.5% of their operable capacity last week. Gasoline production increased
last week, averaging 10.2 million barrels per day. Distillate fuel production decreased last week,
averaging 4.8 million barrels per day.
U.S. crude oil imports averaged 7.1 million barrels per day last week, decreased by 1.3 million
barrels per day from the previous week. Over the past four weeks, crude oil imports averaged
about 7.3 million barrels per day, 11.6% more than the same four-week period last year. Total
motor gasoline imports (including both finished gasoline and gasoline blending components) last
week averaged 1 million barrels per day, and distillate fuel imports averaged 150 thousand
barrels per day.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve)
decreased by 2.5 million barrels from the previous week. At 457.1 million barrels, U.S. crude oil
inventories are about 4% below the five year average for this time of year. Total motor gasoline
inventories decreased by 2.3 million barrels from last week and are about 1% below the five year
average for this time of year. Both finished gasoline and blending components inventories
decreased last week. Distillate fuel inventories decreased by 1.7 million barrels last week and are
about 8% below the five year average for this time of year. Propane/propylene inventories
increased by 1.6 million barrels from last week and are 10% above the five year average for this
time of year. Total commercial petroleum inventories decreased by 0.2 million barrels last week.
Total products supplied over the last four-week period averaged 20.0 million barrels a day, up by
0.2% from the same period last year. Over the past four weeks, motor gasoline product supplied
averaged 9.1 million barrels a day, down by 1.0% from the same period last year. Distillate fuel
product supplied averaged 3.7 million barrels a day over the past four weeks, down by 1.5%
from the same period last year. Jet fuel product supplied was up 5.0% compared with the same
four-week period last year