US crude oil inventories for the week ended Oct. 4, excluding the Strategic Petroleum Reserve, increased by 5.8 million bbl from the previous week, according to data from the US Energy Information Administration.
At 422.7 million bbl, US crude oil inventories are about 4% below the 5-year average for this time of year, the EIA report indicated.
EIA said total motor gasoline inventories decreased by 6.3 million bbl from last week and are about 4% below the 5-year average for this time of year. Finished gasoline and blending components inventories both decreased last week. Distillate fuel inventories decreased by 3.1 million bbl last week and are about 9% below the 5-year average for this time of year.
Propane-propylene inventories increased by 1.9 million bbl from last week and are 9% above the 5-year average for this time of year, EIA said.
US crude oil refinery inputs averaged 15.6 million b/d for the week ended Oct. 4, which was 101,000 b/d less than the previous week’s average. Refineries operated at 86.7% of capacity.
Gasoline production increased, averaging 10.2 million b/d. Distillate fuel production increased, averaging 5.0 million b/d.
US crude oil imports averaged 6.2 million b/d, down by 389,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged about 6.4 million b/d, 2.5% less than the same 4-week period last year. Total motor gasoline imports averaged 48,000 b/d. Distillate fuel imports averaged 104,000 b/d.
