Categorized | Inventories

Weekly Inventories Data – September 15, 2010

Posted on 15 September 2010 by admin

U.S. crude oil refinery inputs averaged 15.0 million barrels per day during the week ending September 10, 94 thousand barrels per day above the previous week’s average. Refineries operated at 87.6 percent of their operable capacity last week. Gasoline production decreased last week, averaging 9.2 million barrels per day. Distillate fuel production increased last week, averaging 4.4 million barrels per day.

U.S. crude oil imports averaged 9.0 million barrels per day last week, up by 142 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 9.4 million barrels per day, 168 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 644 thousand barrels per day. Distillate fuel imports averaged 194 thousand barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.5 million barrels from the previous week. At 357.4 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 decreased by 0.7 million barrels last week, and are above the upper limit of the average range. Both finished gasoline inventories and blending components inventories decreased last week. Distillate fuel inventories decreased by 0.3 million barrels, and are above the upper
boundary of the average range for this time of year. Propane/propylene inventories decreased by 0.2 million barrels last week and are in the middle of the average range. Total commercial  petroleum inventories decreased by 2.9 million barrels last week.

Total products supplied over the last four-week period has averaged 19.6 million barrels per day, up by 0.7 percent compared to the similar period last year. Over the last four weeks, motor gasoline demand has averaged 9.3 million barrels per day, up by 0.5 percent from the same period last year. Distillate fuel demand has averaged 3.8 million barrels per day over the last four weeks, up by 11.5 percent from the same period last year. Jet fuel demand is 1.0 percent lower over the last four weeks compared to the same four-week period last year.

The average world crude oil price on September 10, 2010 was $74.56 per barrel, $1.00 more than last week’s price and $6.74 above a year ago. WTI was $76.40 per barrel on September 10, 2010, $1.88 more than last week’s price and $7.06 above a year ago. The spot price for conventional gasoline in the New York Harbor was 201.37 cents per gallon, 7.59 cents more than last week’s price and 23.82 cents above last year. The spot price for No. 2 low-sulfur diesel fuel in the New York Harbor was 210.15 cents per gallon, 5.49 cents more than last week’s price and 38.50 cents above a year ago.

The national average retail regular gasoline price increased to 272.1 cents per gallon on September 13, 2010, 3.9 cents per gallon more than last week and 14.4 cents above a year ago. The national average retail diesel fuel price increased for the first time in five weeks to 294.3 cents per gallon, 1.2 cents per gallon above last week and 30.9 cents over a year ago.

Source: Energy Information Administration

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