EIA Weekly Petroleum Report - May 29

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Summary of Weekly Petroleum Data for the week ending May 23, 2025

U.S. crude oil refinery inputs averaged 16.3 million barrels per day during the week ending May 23, 2025, which was 162 thousand barrels per day less than the previous week’s average.
Refineries operated at 90.2% of their operable capacity last week. < Refineries need to ramp up to 95% in June.
Gasoline production increased last week, averaging 9.8 million barrels per day.
Distillate fuel production increased by 100 thousand barrels per day last week, averaging 4.8 million barrels per day.

U.S. crude oil imports averaged 6.4 million barrels per day last week, increased by 262 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6 million barrels per day, 10.3% less than the same four-week period last year.
Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 755 thousand barrels per day, and distillate fuel imports averaged 114 thousand barrels per day.

Inventories remain BELOW NORMAL:
> U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.8 million barrels from the previous week. At 440.4 million barrels, U.S. crude oil inventories are about 6% below the five year average for this time of year.
> Total motor gasoline inventories decreased by 2.4 million barrels from last week and are about 3% below the five year average for this time of year. Both finished gasoline inventories and blending components inventories decreased last week.
> Distillate fuel inventories decreased by 0.7 million barrels last week and are about 17% below the five year average for this time of year.
> Propane/propylene inventories increased by 2 million barrels from last week and are 4% below the five year average for this time of year.
>> Total commercial petroleum inventories decreased by 0.7 million barrels last week.

Total products supplied over the last four-week period averaged 19.9 million barrels a day, down by 0.2% from the same period last year.
Over the past four weeks, motor gasoline product supplied averaged 8.9 million barrels a day, down by 1.5% from the same period last year.
Distillate fuel product supplied averaged 3.7 million barrels a day over the past four weeks, down by 2.6% from the same period last year.
Jet fuel product supplied was up 5.3 % compared with the same four-week period last year.