US crude oil inventories for the week ended Oct. 13, excluding the Strategic Petroleum Reserve, decreased by 4.5 million bbl from the previous week, according to data from the US Energy Information Administration.
At 419.7 million bbl, US crude oil inventories are about 5% below the 5-year average for this time of year, the EIA report indicated.
EIA said total motor gasoline inventories decreased by 2.4 million bbl from last week and are slightly above 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 3.2 million bbl and are about 12% below the 5-year average for this time of year.
Propane-propylene inventories increased by 800,000 bbl from last week and are about 18% above the 5-year average for this time of year, EIA said.
US crude oil refinery inputs averaged 15.4 million b/d for the week ended Oct. 13, about 192,000 b/d more than the previous week’s average. Refineries operated at 86.1% of capacity.
Gasoline production increased, averaging 9.8 million b/d. Distillate fuel production decreased, averaging 4.7 million b/d.
US crude oil imports averaged 5.9 million b/d, down 387,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 6.4 million b/d, 5.5% more than the same period last year. Total motor gasoline imports averaged 706,000 b/d. Distillate fuel imports averaged 77,000 b/d.