US crude oil inventories for the week ended Aug. 19, excluding the Strategic Petroleum Reserve, decreased by 3.3 million bbl from the previous week, according to data from the US Energy Information Administration.
At 421.7 million bbl, US crude oil inventories are about 6% below the 5-year average for this time of year, the EIA report indicated.
EIA said total motor gasoline inventories were virtually unchanged from last week and are about 7% below the 5-year range for this time of year. Finished gasoline inventories increased while blending component inventories decreased last week. Distillate fuel inventories decreased by 700,000 bbl and are about 24% below the 5-year average for this time of year.
Propane-propylene were virtually unchanged from last week and are about 11% below the 5-year average for this time of year, EIA said.
US refinery inputs averaged 16.3 million b/d for the week ended Aug. 19, about 168,000 b/d less than the previous week’s average. Refineries operated at 93.8% of capacity.
Gasoline production decreased, averaging 9.4 million b/d. Distillate fuel production increased, averaging 5.2 million b/d.
US crude oil imports averaged 6.2 million b/d, up 40,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 6.5 million b/d, 1.9% more than the same period last year. Total motor gasoline imports averaged 615,000 b/d. Distillate fuel imports averaged 173,000 b/d.