Categorized | Inventories

Weekly Inventories Data – August 18, 2010

Posted on 19 August 2010 by admin

U.S. crude oil refinery inputs averaged 15.2 million barrels per day during the week ending August 13, 172 thousand barrels per day above the previous week’s average. Refineries operated at 90.0 percent of
their operable capacity last week. Gasoline production increased last week, averaging 9.4 million barrels per day. Distillate fuel production decreased last week, averaging 4.2 million barrels per day.

U.S. crude oil imports averaged 9.6 million barrels per day last week, up by 120 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 9.9 million barrels per
day, 707 thousand barrels per day above the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 1.1 million barrels
per day. Distillate fuel imports averaged 260 thousand barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 0.8 million barrels from the previous week. At 354.2 million barrels, U.S. crude oil inventories are above
the upper limit of the average range for this time of year. Total motor gasoline inventories remained virtually unchanged last week, and are above the upper limit of the average range. Finished gasoline inventories
decreased while blending components inventories increased last week. Distillate fuel inventories increased by 1.1 million barrels, and are above the upper boundary of the average range for this time of year. Propane/
propylene inventories increased by 2.4 million barrels last week and are in the middle of the average range. Total commercial petroleum inventories increased by 5.3 million barrels last week.

Total products supplied over the last four-week period has averaged 19.6 million barrels per day, up by 3.1 percent compared to the similar period last year. Over the last four weeks, motor gasoline demand has
averaged 9.5 million barrels per day, up by 3.5 percent from the same period last year. Distillate fuel demand has averaged 3.5 million barrels per day over the last four weeks, up by 5.8 percent from the same period
last year. Jet fuel demand is 7.3 percent higher over the last four weeks compared to the same four-week period last year.

The average world crude oil price on August 13, 2010 was $76.77 per barrel, $1.91 less than last week’s price but $4.78 above a year ago. WTI was $75.39 per barrel on August 13, 2010, $5.28 less than last
week’s price but $7.88 above a year ago. The spot price for conventional gasoline in the New York Harbor was 187.72 cents per gallon, 17.12 cents less than last week’s price but 0.97 cent over last year. The spot
price for No. 2 low-sulfur diesel fuel in the New York Harbor was 199.85 cents per gallon, 16.75 cents less than last week’s price but 14.01 cents above a year ago.

The national average retail regular gasoline price decreased to 274.5 cents per gallon on August 16, 2010, 3.8 cents per gallon less than last week but 10.8 cents above a year ago. The national average retail diesel
fuel price decreased to 297.9 cents per gallon, 1.2 cents per gallon less than last week but 32.7 cents over a year ago.

Source: Energy Information Administration

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