US crude oil inventories for the week ended Oct. 14, excluding the Strategic Petroleum Reserve, decreased by 1.7 million bbl from the previous week, according to data from the US Energy Information Administration.
At 437.4 million bbl, US crude oil inventories are 2% below the 5-year average for this time of year, the EIA report indicated.
EIA said total motor gasoline inventories decreased by 100,000 bbl from last week and about 7% below the 5-year range for this time of year. Finished gasoline inventories were unchanged while blending component inventories decreased last week. Distillate fuel inventories increased by 100,000 bbl last week and are about 20% below the 5-year average for this time of year.
Propane-propylene inventories increased by 500,000 bbl and are about 2% above the 5-year average for this time of year, EIA said.
US refinery inputs averaged 15.6 million b/d for the week ended Oct. 14, about 132,000 b/d less than the previous week’s average. Refineries operated at 89.5% of capacity.
Gasoline production increased, averaging 9.4 million b/d. Distillate fuel production increased, averaging 5.0 million b/d.
US crude oil imports averaged 5.9 million b/d, down 200,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 6.1 million b/d, 4.1% less than the same period last year. Total motor gasoline imports averaged 475,000 b/d. Distillate fuel imports averaged 111,000 b/d.