U.S. crude oil refinery inputs averaged 15.9 million barrels per day, which was 276,000 barrels per day more than the previous week’s average, with refineries working at 91.1% of their capacity.
Gasoline production increased last week, averaging 9.8 million barrels/day. Distillate fuel production also increased, averaging 5 million barrels per day.
U.S. crude oil imports averaged 6.5 million barrels per day last week, 92,000 barrels per day lower from the previous week, with imports averaging approx. 6.2 million barrels/day.
U.S. commercial crude oil inventories decreased by 2.5 million barrels from the previous week to 413.4 million barrels. Considering the figures, the inventories are about 13% below the five year average for this time of year.