The EIA released its weekly Petroleum Status Report yesterday, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks fell by 3,327 MBBL last week to 463,165 MBBL, down from 466,492 MBBL last week. This is 6% below the 492,962 MBBL that was in storage at this point last year, but remains 21% above the five year average.

Weekly Oil Storage: Draw Continues

Gasoline inventories fell this week, dropping to 229.9 MMBBL from 231.1 MMBBL last week. Fuel oil inventories were unchanged at 148.4 MMBBL. Other refined product stocks increased to 463 MMBBL from 458.4 MBBL.

The four week average total crude oil inputs to refineries increased slightly to 17,502 MBOPD, up from 17,458 MBOPD. This means refineries are running at 95.8% of capacity. American refineries produced an average of 10,302 MBBLPD of gasoline and 5,229 MBBLPD of distillate fuel oil over the past four weeks.

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