Weekly Crude Oil Storage as of June 3, 2022
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.0 million barrels from the previous week. At 416.8 million barrels, U.S. crude oil inventories are about 15% below the five year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of June 3, 2022.
Summary of weekly petroleum data for the week ending June 3, 2022
U.S. crude oil refinery inputs averaged 16.4 million barrels per day during the week ending June 3, 2022, which was 355,000 barrels per day more than the previous week’s average. Refineries operated at 94.2% of their operable capacity last week.
- Gasoline production increased last week, averaging 10.0 million barrels per day.
- Distillate fuel production increased last week, averaging 5.0 million barrels per day.
Imports
U.S. crude oil imports averaged 6.2 million barrels per day last week, decreased by 64,000 barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.4 million barrels per day, 1.9% more than the same four-week period last year.
Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 1.2 million barrels per day, and distillate fuel imports averaged 220,000 barrels per day.
Products inventories
- Total motor gasoline inventories decreased by 0.8 million barrels from last week and are at 10% below the five year average for this time of year.
- Finished gasoline inventories remained unchanged while blending components inventories decreased last week.
- Distillate fuel inventories increased by 2.6 million barrels from last week and are about 23% below the five year average for this time of year.
- Propane/propylene inventories increased by 0.7 million barrels last week and are about 12% below the five year average for this time of year.
- Total commercial petroleum inventories increased by 11.0 million barrels last week.
Products supplied
Total products supplied over the last four-week period averaged 19.8 million barrels per day, up by 3.9% from the same period last year. Over the past four weeks:
- Motor gasoline product supplied averaged 9.0 million barrels per day, down by 0.9% from the same period last year.
- Distillate fuel product supplied averaged 3.8 million barrels per day over the past four weeks, down by 2.8% from the same period last year.
- Jet fuel product supplied was up 26.5% compared with the same four-week period last year.
