Crude Oil Summary (EIA)
U.S. crude oil refinery inputs averaged 16.9 million barrels per day during the week ending July 25, 2025, which was 25 thousand barrels per day less than the previous week’s average. Refineries operated at 95.4% of their operable capacity last week. Gasoline production increased last week, averaging 10.0 million barrels per day. Distillate fuel production increased by 131 thousand barrels per day last week, averaging 5.2 million barrels per day. U.S. crude oil imports averaged 6.1 million barrels per day last week, increased by 159 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.1 million barrels per day, 11.3% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 691 thousand barrels per day, and distillate fuel imports averaged 229 thousand barrels per day. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 7.7 million barrels from the previous week. At 426.7 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 2.7 million barrels from last week and are about 1% below the five year average for this time of year. Finished gasoline inventories increased, while blending components inventories decreased last week. Distillate fuel inventories increased by 3.6 million barrels last week and are about 16% below the five year average for this time of year. Propane/propylene inventories increased by 1.1 million barrels from last week and are 9% above the five year average for this time of year. Total commercial petroleum inventories increased by 7.1 million barrels last week. Total products supplied over the last four-week period averaged 20.8 million barrels a day, up by 1.5% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 8.9 million barrels a day, down by 3.0% from the same period last year. Distillate fuel product supplied averaged 3.5 million barrels a day over the past four weeks, down by 4.1% from the same period last year. Jet fuel product supplied was up 8.8% compared with the same four-week period last year. The price for West Texas Intermediate crude oil was $66.38 per barrel on July 25, 2025, $2.15 less than a week ago, and $12.20 less than a year ago. The New York Harbor spot price for conventional gasoline was $2.097 per gallon, $0.060 less than a week ago, and $0.349 less than the year-ago price. The spot price for No. 2 heating oil at New York Harbor was $2.301 per gallon, $0.055 than a week ago, and $0.034 more than the price last year. The national average retail price for regular gasoline increased to $3.123 per gallon on July 28, 2025, $0.002 more than last week’s price, and $0.361 less than the year-ago price. The national average retail diesel fuel price decreased $0.007 to $3.805 per gallon, $0.037 more than the price one year ago.
