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Market Update : 
Crude,Gasoline and Distillate Inventories Rise
Author: 123jump.com Staff
123jump.com
Last Update: 10:47 AM ET April 01 2009



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U.S. commercial crude oil inventories increased 2.8 million barrels from the previous week. At 359.4 million barrels, U.S. crude oil inventories are above the upper limit of the average range for this time of year. Total motor gasoline inventories increased 2.2 million barrels last week, and are above the upper limit of the average range. Finished gasoline inventories fell last week while gasoline blending components inventories rose during this same time.

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


Summary of Weekly Petroleum Data for the Week Ending March 27, 2009

U.S. crude oil refinery inputs averaged 14.2 million barrels per day during the week ending March 27, up 23 thousand barrels per day from the previous week''s average. Refineries operated at 81.7 percent of their operable capacity last week. Gasoline production increased last week, averaging 8.7 million barrels per day. Distillate fuel production increased last week, averaging 3.9 million barrels per day.

U.S. crude oil imports averaged nearly 9.6 million barrels per day last week, up 170 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 9.3 million barrels per day, 275 thousand barrels per day below 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. Distillate fuel imports averaged 263 thousand barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased 2.8 million barrels from the previous week. At 359.4 million barrels, U.S. crude oil inventories are above the upper limit of the average range for this time of year. Total motor gasoline inventories increased 2.2 million barrels last week, and are above the upper limit of the average range. Finished gasoline inventories fell last week while gasoline blending components inventories rose during this same time. Distillate fuel inventories increased by 0.3 million barrels, and are above the upper limit of the average range for this time of year. Propane/propylene inventories increased last week by 0.7 million barrels and are above the upper limit of the average range. Total commercial petroleum inventories increased by 6.4 million barrels last week and are above the upper limit of average range for this time of year.

Total products supplied over the last four-week period has averaged 18.9 million barrels per day, down by 4.4 percent compared to the similar period last year. Over the last four weeks, motor gasoline demand has averaged 9.0 million barrels per day, down by 0.2 percent from the same period last year. Distillate fuel demand has averaged about 3.8 million barrels per day over the last four weeks, down by 9.1 percent from the same period last year. Jet fuel demand is 1.8 percent lower 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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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.

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