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Market Update : 
Gasoline and Distillate Inventories Rise
Author: 123jump.com Staff
123jump.com
Last Update: 10:50 AM ET March 04 2009



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U.S. commercial crude oil inventories decreased 0.7 million barrels from the previous week. At 350.6 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 by 0.2 million barrels last week, and are in the lower half of the average range. Finished gasoline inventories decreased last week while gasoline blending components inventories increased during this same time.

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

U.S. crude oil refinery inputs averaged 14.3 million barrels per day during the week ending February 27, up 409 thousand barrels per day from the previous week''s average. Refineries operated at 83.1 percent of their operable capacity last week. Gasoline production rose last week, averaging 9.0 million barrels per day. Distillate fuel production decreased last week, averaging nearly 4.1 million barrels per day.

U.S. crude oil imports averaged 9.0 million barrels per day last week, up 259 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged nearly 9.1 million barrels per day, 573 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 about 1.2 million barrels per day. Distillate fuel imports averaged 294 thousand barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased 0.7 million barrels from the previous week. At 350.6 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 by 0.2 million barrels last week, and are in the lower half of the average range. Finished gasoline inventories decreased last week while gasoline blending components inventories increased during this same time. Distillate fuel inventories increased by 1.7 million barrels, and are above the upper limit of the average range for this time of year. Propane/propylene inventories decreased last week by 1.1 million barrels and are above the upper limit of the average range. Total commercial petroleum inventories increased by 1.0 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 19.5 million barrels per day, down by 1.3 percent compared to the similar period last year. Over the last four weeks, motor gasoline demand has averaged 9.0 million barrels per day, up by 2.2 percent from the same period last year. Distillate fuel demand has averaged about 4.1 million barrels per day over the last four weeks, down by 4.5 percent from the same period last year. Jet fuel demand is 15.1 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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