US crude oil inventories for the week ended Sept. 30, excluding the Strategic Petroleum Reserve, decreased by 1.4 million bbl from the previous week, according to data from the US Energy Information Administration.
At 429.2 million bbl, US crude oil inventories are about 3% below the 5-year average for this time of year, the EIA report indicated.
EIA said total motor gasoline inventories decreased by 4.7 million bbl and are 9% below the 5-year range for this time of year. Finished gasoline inventories and blending component inventories both decreased last week. Distillate fuel inventories decreased by 3.4 million bbl and are about 21% below the 5-year average for this time of year.
Propane-propylene inventories increased by 1.6 million bbl last week and are at the 5-year average for this time of year, EIA said.
US refinery inputs averaged 16.0 million b/d for the week ended Sept. 30, about 210,000 b/d more than the previous week’s average. Refineries operated at 91.3% of capacity.
Gasoline production increased, averaging 10.0 million b/d. Distillate fuel production increased, averaging 5.2 million b/d.
US crude oil imports averaged 5.9 million b/d, down 500,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 6.3 million b/d, 2.6% less than the same period last year. Total motor gasoline imports averaged 480,000 b/d. Distillate fuel imports averaged 81,000 b/d.