US crude oil inventories for the week ended Oct. 2, excluding the Strategic Petroleum Reserve, decreased by 3.2 million bbl from the previous week, according to data from the US Energy Information Administration (EIA).

At 424.1 million bbl, US crude oil inventories are 1% above the 5-year average for this time of year, the EIA report indicated.

Gasoline inventories increased 0.4 million bbl, 6% below the 5-year average. Propane-propylene inventories decreased 1.8 million bbl, 18% above the 5-year average. Total commercial petroleum inventories decreased by 6.9 million bbl for the week. Distillate inventories remained unchanged, 12% below the 5-year average.

US crude oil refinery inputs averaged 16.5 million b/d for the week ended Oct. 2, which was 223,000 b/d more than the previous week’s average. Refineries operated at 92.7% of capacity.

Gasoline output averaged 9.3 million b/d, and distillate production increased to 5.3 million b/d.

Crude oil imports increased 1.1 million b/d to 6.8 million b/d. The 4-week average of 6.4 million b/d is 4.3% above the year-ago level. Gasoline imports averaged 512,000 b/d; distillate imports averaged 118,000 b/d.

Over the past four weeks, total product supplied averaged 21.1 million b/d, up 0.7% year over year. The 4-week average for gasoline product supplied dereased 0.3% year over year to 8.8 million b/d, while the 4-week average for distillate product supplied decreased 1.6% to 3.8 million b/d. The 4-week average for jet fuel product supplied increased 6.0% year over year.