Crude Oil Summary (EIA)
U.S. crude oil refinery inputs averaged 16.3 million barrels per day during the week ending April 3, 2026, which was 129 thousand barrels per day less than the previous week’s average. Refineries operated at 92% of their operable capacity last week. Gasoline production decreased last week, averaging 9.4 million barrels per day. Distillate fuel production increased, averaging 5.0 million barrels per day. U.S. crude oil imports averaged 6.3 million barrels per day last week, decreased by 130 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.6 million barrels per day, 9.1% more than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 571 thousand barrels per day, and distillate fuel imports averaged 152 thousand barrels per day. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.1 million barrels from the previous week. At 464.7 million barrels, U.S. crude oil inventories are about 2% above the five-year average for this time of year. Total motor gasoline inventories decreased by 1.6 million barrels from last week and are 3% above the five year average for this time of year. Finished gasoline inventories increased while blending components inventories decreased last week. Distillate fuel inventories decreased by 3.1 million barrels last week and are about 5% below the five-year average for this time of year. Propane/propylene inventories increased by 0.6 million barrels from last week and are 71% above the fiveyear average for this time of year. Total commercial petroleum inventories increased by 1.3 million barrels last week. Total products supplied over the last four-week period averaged 20.8 million barrels per day, up by 6.3% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 8.7 million barrels per day, up by 1.5% from the same period last year. Distillate fuel product supplied averaged 4 million barrels per day over the past four weeks, up by 4.8% from the same period last year. Jet fuel product supplied was down 6.4% compared with the same four-week period last year. The national average retail price for regular gasoline increased to $4.120 per gallon on April 6, 2026, $0.13 more than last week’s price, and $0.877 more than the year-ago price. The national average retail diesel fuel price increased $0.242 to $5.643 per gallon, $2.004 more than the price one year ago.