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U.S.Economy: 
Crude Oil and Gasoline Inventories Advance
Author: 123jump.com Staff
123jump.com
Last Update: 10:48 AM EST January 31 2007


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U.S. commercial crude oil inventories rose by 2.7 million barrels compared to the previous week. At 324.9 million barrels, U.S. crude oil inventories are above the upper end of the average range for this time of year. Total motor gasoline inventories jumped by 3.8 million barrels last week, and remain above the upper end of the average range.

 
The following is the un-edited press release from the Energy Information Administration.


Summary of Weekly Petroleum Data for the Week Ending January 26, 2007

U.S. crude oil refinery inputs averaged nearly 14.8 million barrels per day during the week ending January 26, down 112,000 barrels per day from the previous week''s average. Refineries operated at 87.1 percent of their operable capacity last week. Gasoline production declined compared to the previous week, averaging nearly 9.1 million barrels per day, while distillate fuel production increased, averaging nearly 4.0 million barrels per day.

U.S. crude oil imports averaged nearly 10.0 million barrels per day last week, up 159,000 barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged nearly 10.1 million barrels per day, or 341,000 barrels per day more than averaged over the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged nearly 1.3 million barrels per day. Distillate fuel imports averaged 364,000 barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) rose by 2.7 million barrels compared to the previous week. At 324.9 million barrels, U.S. crude oil inventories are above the upper end of the average range for this time of year. Total motor gasoline inventories jumped by 3.8 million barrels last week, and remain above the upper end of the average range. Distillate fuel inventories declined by 2.6 million barrels, but remain above the upper end of the average range for this time of year. A decrease in high-sulfur distillate fuel (heating oil) inventories more than compensated for an increase in diesel fuel inventories (a combination of ultra-low-sulfur and low-sulfur). Total commercial petroleum inventories increased by 0.3 million barrels last week, and are above the upper end of the average range for this time of year.

Total products supplied over the last four-week period has averaged nearly 20.3 million barrels per day, or roughly the same as averaged over the same period last year. Over the last four weeks, motor gasoline demand has averaged nearly 9.1 million barrels per day, or 3.4 percent above the same period last year. Distillate fuel demand has averaged nearly 4.2 million barrels per day over the last four weeks, or 0.7 percent below the same period last year. Jet fuel demand is up 3.6 percent over the last four weeks compared to the same four-week period last year.


Available at:

http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/weekly_petroleum_status_report/current/txt/wpsr.txt
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