Categorized | Inventories

Weekly Inventories Data – September 22, 2010

Posted on 22 September 2010 by admin

U.S. crude oil refinery inputs averaged 15.0 million barrels per day during the week ending September 17, 41 thousand barrels per day above the previous week’s average. Refineries operated at 87.8 percent of their operable capacity last week. Gasoline production decreased last week, averaging 9.0 million barrels per day. Distillate fuel production decreased last week, averaging 4.3 million barrels per day.

U.S. crude oil imports averaged 9.3 million barrels per day last week, up by 295 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 9.2 million barrels per day, 114 thousand barrels per day below the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 850 thousand barrels per day. Distillate fuel imports averaged 203 thousand barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.0 million barrels from the previous week. At 358.3 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 increased by 1.6 million barrels last week and are above the upper limit of the average range. Both finished gasoline inventories and blending components inventories increased last week. Distillate fuel inventories increased by 0.3 million barrels and are above
the upper boundary of the average range for this time of year. Propane/propylene inventories remained unchanged last week and are in the lower half of the average range. Total commercial petroleum inventories increased by 3.3 million barrels last week.

Total products supplied over the last four-week period has averaged 19.5 million barrels per day, up by 1.6 percent compared to the similar period last year. Over the last four weeks, motor gasoline demand has averaged 9.1 million barrels per day, down by 0.1 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 12.9 percent from the same period last year. Jet fuel demand is 2.4 percent higher over the last four weeks compared to the same four-week period last year.

The average world crude oil price on September 17, 2010 was $76.11 per barrel, $1.69 more than last week’s price and $8.09 above a year ago. WTI was $73.63 per barrel on September 17, 2010, $2.77 less than last week’s price but $1.68 above a year ago. The spot price for conventional gasoline in the New York Harbor was 194.05 cents per gallon, 7.32 cents less than last week’s price but 9.15 cents above last year. The spot price for No. 2 low-sulfur diesel fuel in the New York Harbor was 210.00 cents per gallon, 0.15 cent less than last week’s price but 28.13 cents
above a year ago.

The national average retail regular gasoline price increased to 272.3 cents per gallon on September 20, 2010, 0.2 cent per gallon more than last week and 17.1 cents above a year ago. The national average retail diesel fuel price increased to 296.0 cents per gallon, 1.7 cents per gallon above last week and 33.8 cents over a year ago.

Source: Energy Information Administration

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