Categorized | Inventories

Weekly Inventories Data – September 29, 2010

Posted on 29 September 2010 by admin

U.S. crude oil refinery inputs averaged 14.7 million barrels per day during the week ending September 24, 381 thousand barrels per day below the previous week’s average. Refineries operated at 85.8 percent of their operable capacity last week. Gasoline production increased last week, averaging 9.2 million barrels per day. Distillate fuel production decreased slightly last week, averaging 4.3 million barrels per day.

U.S. crude oil imports averaged 9.0 million barrels per day last week, down by 317 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 9.1 million barrels per
day, 271 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 881 thousand barrels
per day. Distillate fuel imports averaged 195 thousand barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 0.5 million barrels from the previous week. At 357.9 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 3.5 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 1.3 million barrels and are above the upper boundary of the average range for this time of year. Propane/propylene inventories decreased by 0.3 million barrels last week and are in the lower half of the average range. Total commercial petroleum inventories decreased by 5.1 million barrels last week.

Total products supplied over the last four-week period has averaged 19.5 million barrels per day, up by 2.8 percent compared to the similar period last year. Over the last four weeks, motor gasoline demand has
averaged 9.1 million barrels per day, up by 0.9 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 13.4 percent from the same
period last year. Jet fuel demand is 1.2 percent higher over the last four weeks compared to the same four-week period last year.

The average world crude oil price on September 24, 2010 was $75.31 per barrel, $0.80 less than last week’s price but $7.76 above a year ago. WTI was $74.63 per barrel on September 24, 2010, $1.00 more
than last week’s price and $8.72 above a year ago. The spot price for conventional gasoline in the New York Harbor was 197.97 cents per gallon, 3.92 cents more than last week’s price and 34.72 cents above last year. The spot price for No. 2 low-sulfur diesel fuel in the New York Harbor was 213.40 cents per gallon, 3.40 cents more than last week’s price and 45.35 cents above a year ago.

The national average retail regular gasoline price decreased to 269.4 cents per gallon on September 27, 2010, 2.9 cents per gallon less than last week but 19.5 cents above a year ago. The national average retail
diesel fuel price decreased to 295.1 cents per gallon, 0.9 cent per gallon below last week but 35.0 cents over a year ago.

Source: Energy Information Administration

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