EIA - Weekly Petroleum Report - June 5

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Summary of Weekly Petroleum Data for the week ending May 31, 2024

U.S. crude oil refinery inputs averaged 17.1 million barrels per day during the week ending May 31, 2024, which was 61 thousand barrels per day more than the previous week’s average.
Refineries operated at 95.4% of their operable capacity last week.
Gasoline production decreased last week, averaging 9.5 million barrels per day.
Distillate fuel production increased last week, averaging 5.1 million barrels per day.

U.S. crude oil imports averaged 7.1 million barrels per day last week, increased by 289 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.8 million barrels per day, 3.5% more than the same four-week period last year.
Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 699 thousand barrels per day, and distillate fuel imports averaged 142 thousand barrels per day.

Big 3 Inventories remain below the 5-year average for this time of year.
> U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.2 million barrels from the previous week. At 455.9 million barrels, U.S. crude oil inventories are about 4% below the five year average for this time of year.
> Total motor gasoline inventories increased by 2.1 million barrels from last week and are about 1% below the five year average for this time of year. Finished gasoline inventories decreased, while blending components inventories increased last week.
> Distillate fuel inventories increased by 3.2 million barrels last week and are about 7% below the five year average for this time of year.
> Propane/propylene inventories increased by 2.5 million barrels from last week and are 14% above the five year average for this time of year.
>> Total commercial petroleum inventories increased by 13.5 million barrels last week.

Total products supplied over the last four-week period averaged 20.0 million barrels a day, up by 1.3% from the same period last year.
Over the past four weeks, motor gasoline product supplied averaged 9.1 million barrels a day, down by 1.0% from the same period last year.
Distillate fuel product supplied averaged 3.7 million barrels a day over the past four weeks, down by 3.4% from the same period last year.
Jet fuel product supplied was up 13% compared with the same four-week period last year.