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Market Update : 
Gasoline and Distillate Inventories Fall
Author: 123jump.com Staff
123jump.com
Last Update: 10:48 AM EDT October 03 2007



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Total motor gasoline inventories decreased by 0.1 million barrels last week, and are well below the lower end of the average range. Finished gasoline fell last week while gasoline blending components rose. Distillate fuel inventories decreased by 1.2 million barrels, and are in the upper half of the average range for this time of year.

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


Summary of Weekly Petroleum Data for the Week Ending September 28, 2007

U.S. crude oil refinery inputs averaged nearly 15.2 million barrels per day during the week ending September 28, up 136,000 barrels per day from the previous week''s average. Refineries operated at 87.5 percent of their operable capacity last week. Gasoline production fell compared to the previous week, averaging 8.7 million barrels per day. Distillate fuel production fell last week, averaging 4.1 million barrels per day.

U.S. crude oil imports averaged 10.3 million barrels per day last week, down 189,000 barrels per day from the previous week.Over the last four weeks, crude oil imports have averaged 10.0 million barrels per day, or 683,000 barrels per day less 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 1,154,000 barrels per day. Distillate fuel imports averaged 192,000 barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) rose by 1.2 million barrels compared to the previous week. At 321.8 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 decreased by 0.1 million barrels last week, and are well below the lower end of the average range. Finished gasoline fell last week while gasoline blending components rose. Distillate fuel inventories decreased by 1.2 million barrels, and are in the upper half of the average range for this time of year. Propane/propylene inventories increased 0.2 million barrels last week. Total commercial petroleum inventories increased by 0.9 million barrels last week, but are in the middle of the average range for this time of year.

Total products supplied over the last four-week period has averaged nearly 20.5 million barrels per day, or slightly lower compared to the similar period last year. Over the last four weeks, motor gasoline demand has averaged 9.2 million barrels per day, or 0.1 percent above the same period last year. Distillate fuel demand has averaged 4.1 million barrels per day over the last four weeks, down 0.4 percent compared to the same period last year. Jet fuel demand is down 5.6 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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