US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, increased 1.1 million bbl for the week ended Feb. 11 from the previous week, the Energy Information Administration estimated.
At 411.5 million bbl, US crude oil inventories are about 10% below the 5-year average for this time of year.
EIA said total motor gasoline inventories decreased by 1.3 million bbl last week, about 3% below the 5-year average for this time of year. Both finished gasoline inventories and blending components inventories decreased.
Distillate fuel inventories decreased 1.6 million bbl last week, which EIA said was 19% below the 5-year average. Propane-propylene inventories fell 5.9 million bbl last week and are 17% below the 5-year average for this time of year.
US refinery inputs averaged 14.9 million b/d for the week ended Feb. 11, which was 700,000 b/d less than the previous week’s average. Refineries operated at 85.3% of capacity.
Gasoline production decreased, averaging 8.8 million b/d for the week. Distillate fuel production decreased, averaging 4.6 million b/d.
US crude oil imports averaged more than 5.8 million b/d, down 600,000 b/d from the previous week.
Over the last 4 weeks, crude oil imports averaged 6.4 million b/d, which was 9.3% above the same 4-week period last year.
Total motor gasoline imports, including finished gasoline and gasoline blending components, averaged 555,000 b/d for the week while distillate fuel imports averaged 437,000 b/d, EIA said.