US crude oil inventories for the week ended Oct. 8, excluding the Strategic Petroleum Reserve, increased by 6.1 million bbl from the previous week, according to data from the US Energy Information Administration.
The report was released a day later than usual due to the closure of the federal government Monday, Oct. 11.
At 427.0 million bbl, US crude oil inventories are 6% below the 5-year average for this time of year, the EIA report indicated.
EIA said total motor gasoline inventories decreased by 2.0 million bbl from last week and are about 2% below the 5-year range for this time of year. Finished gasoline inventories and blending component inventories both decreased last week. Distillate fuel inventories were virtually unchanged from last week and are 9% below the 5-year average for this time of year.
Propane-propylene inventories decreased by 600,000 bbl and are about 21% below the 5-year average for this time of year, EIA said.
US refinery inputs averaged 15.1 million b/d for the week ended Oct. 8, about 700,000 b/d less than the previous week’s average. Refineries operated at 86.7% of capacity.
Gasoline production increased, averaging 9.6 million b/d. Distillate fuel production decreased, averaging 4.7 million b/d.
US crude oil imports averaged 6.0 million b/d, down 1.0 million b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 6.5 million b/d, 22.2% more than the same period last year. Total motor gasoline imports averaged 543,000 b/d. Distillate fuel imports averaged 190,000 b/d.