Crude Oil Summary (EIA)
U.S. crude oil refinery inputs averaged 16.1 million barrels per day during the week ending April 24, 2026, which was 85 thousand barrels per day more than the previous week’s average. Refineries operated at 89.6% of their operable capacity last week. Gasoline production decreased last week, averaging 9.8 million barrels per day. Distillate fuel production decreased, averaging 4.9 million barrels per day. U.S. crude oil imports averaged 5.8 million barrels per day last week, decreased by 329 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 5.9 million barrels per day, 0.7% more than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 344 thousand barrels per day, and distillate fuel imports averaged 126 thousand barrels per day. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 6.2 million barrels from the previous week. At 459.5 million barrels, U.S. crude oil inventories are about 1% above the five-year average for this time of year. Total motor gasoline inventories decreased by 6.1 million barrels from last week and are 2% below the five-year average for this time of year. Both finished gasoline and blending component inventories decreased last week. Distillate fuel inventories decreased by 4.5 million barrels last week and are about 11% below the five-year average for this time of year. Propane/propylene inventories decreased by 1.1 million barrels from last week and are 62% above the five-year average for this time of year. Total commercial petroleum inventories decreased by 17.0 million barrels last week. Total products supplied over the last four-week period averaged 20.6 million barrels per day, up by 4.6% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 9.0 million barrels per day, up by 1.2% from the same period last year. Distillate fuel product supplied averaged 4.0 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 4.6% compared with the same four-week period last year. The price for West Texas Intermediate crude oil was $98.42 per barrel on April 24, 2026, $12.51 more than a week ago, and $34.57 more than a year ago. The New York Harbor spot price for conventional gasoline was $3.534 per gallon, $0.500 more than a week ago, and $1.574 more than the year-ago price. The spot price for No. 2 heating oil at New York Harbor was $3.871 per gallon, $0.528 more than a week ago, and $1.791 more than the price last year. The national average retail price for regular gasoline increased to $4.123 per gallon on April 27, 2026, $0.079 more than last week’s price, and $0.990 more than the year-ago price. The national average retail diesel fuel price decreased $0.052 to $5.351 per gallon, $1.837 more than the price one year ago.