U.S. crude oil refinery decreased by 89,000 barrels per day in the week ending August 17, 2018 to 17.9 million barrels.inputs averaged 17.9 million barrels per day during the week ending August 17, 2018, according to data from the Energy Information Administration.
Refineries operated at 98.1% of their operable capacity in the week. Gasoline production decreased, averaging 10.2 million barrels per day. Distillate fuel production increased last week, averaging 5.4 million barrels per day. U.S. crude oil imports averaged 7.5 million barrels per day last week, down by 1,496,000 barrels per day from the previous week.
Over the past four weeks, crude oil imports averaged about 8.1 million barrels per day, 2.2% less than the same four-week period last year.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 5.8 million barrels from the week ending August 17. At 408.4 million barrels, U.S. crude oil inventories are at the five year average for this time of year.
Distillate fuel inventories increased by 1.8 million barrels in the week and are about 7% below the five year average for this time of year. Propane/propylene inventories decreased by 0.9 million barrels and are about 13% below the five year average for this time of year.
Total commercial petroleum inventories decreased by 2.5 million barrels last week. Total products supplied over the last four-week period averaged 20.8 million barrels per day, down by 1.1% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 9.5 million barrels per day, down by 1.5% from the same period last year.
Distillate fuel product supplied averaged 3.9 million barrels per day over the past four weeks, down by 7.7% from the same period last year. Jet fuel product supplied was up 3.7% compared with the same four-week period last year.
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