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Posts: 947
Sep 17 08 5:57 PM
U.S. crude oil refinery inputs averaged 13.2 million barrels per day during the week ending September 12, down 246 thousand barrels per day from the previous week's average. Refineries operated at 77.4 percent of their operable capacity last week. Gasoline production fell last week, averaging 8.3 million barrels per day. Distillate fuel production decreased last week, averaging 3.8 million barrels per day. U.S. crude oil imports averaged 8.5 million barrels per day last week, down 71 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 9.2 million barrels per day, 1.1 million 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 nearly 1.0 million barrels per day. Distillate fuel imports averaged 131 thousand barrels per day last week. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 6.3 million barrels from the previous week. At 291.7 million barrels, U.S. crude oil inventories are in the lower half of the average range for this time of year. Total motor gasoline inventories decreased by 3.3 million barrels last week, and are below the lower boundary of the average range. Both finished gasoline inventories and gasoline blending components inventories decreased last week. Distillate fuel inventories decreased by 0.9 million barrels, and are in the middle of the average range for this time of year. Propane/propylene inventories increased by 1.0 million barrels last week but remain below the lower limit of the average range. Total commercial petroleum inventories decreased by 11.9 million barrels last week, and are at the lower boundary of the average range for this time of year. Total products supplied over the last four-week period has averaged about 19.9 million barrels per day, down by 4.4 percent compared to the similar period last year. Over the last four weeks, motor gasoline demand has averaged 9.2 million barrels per day, down by 2.6 percent from the same period last year. Distillate fuel demand has averaged 4.0 million barrels per day over the last four weeks, down by 2.7 percent from the same period last year. Jet fuel demand is 7.6 percent lower over the last four weeks compared to the same four-week period last year.
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