Summary of Weekly Petroleum Data for the Week Ending August 4, 2017
U.S. crude oil refinery inputs averaged 17.6 million barrels per day during the week
ending August 4, 2017, 166,000 barrels per day more than the previous week’s average.
Refineries operated at 96.3% of their operable capacity last week. Gasoline production
increased slightly last week, averaging 10.3 million barrels per day. Distillate fuel
production increased last week, averaging 5.3 million barrels per day.
U.S. crude oil imports averaged about 7.8 million barrels per day last week, down by
491,000 barrels per day from the previous week. Over the last four weeks, crude oil
imports averaged over 8.0 million barrels per day, 4.9% below the same four-week period
last year. Total motor gasoline imports (including both finished gasoline and gasoline
blending components) last week averaged 1.1 million barrels per day. Distillate fuel
imports averaged 41,000 barrels per day last week.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Reserve) decreased by 6.5 million barrels from the previous week. At 475.4 million
barrels, U.S. crude oil inventories are in the upper half of the average range for this time
of year. Total motor gasoline inventories increased by 3.4 million barrels last week, and
are in the upper half of the average range. Both finished gasoline inventories and
blending components inventories increased last week. Distillate fuel inventories
decreased by 1.7 million barrels last week but are in the upper half of the average range
for this time of year. Propane/propylene inventories remained unchanged last week and
are in the lower half of the average range. Total commercial petroleum inventories
decreased by 4.6 million barrels last week.
Total products supplied over the last four-week period averaged over 21.2 million barrels
per day, up by 2.3% from the same period last year. Over the last four weeks, motor
gasoline product supplied averaged about 9.8 million barrels per day, down by 0.1% from
the same period last year. Distillate fuel product supplied averaged over 4.3 million
barrels per day over the last four weeks, up by 13.3% from the same period last year. Jet
fuel product supplied is up 1.9% compared to the same four-week period last year.