Crude Oil Summary (EIA)
U.S. crude oil refinery inputs averaged 17.0 million barrels per day during the week ending December 12, 2025, which was 129 thousand barrels per day more than the previous week’s average. Refineries operated at 94.8% of their operable capacity last week. Gasoline production increased last week, averaging 9.6 million barrels per day. Distillate fuel production decreased by 228 thousand barrels per day last week, averaging 5.2 million barrels per day.U.S. crude oil imports averaged 6.5 million barrels per day last week, decreased by 64 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.4 million barrels per day, 1.8% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 834 thousand barrels per day, and distillate fuel imports averaged 268 thousand barrels per day. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.3 million barrels from the previous week. At 424.4 million barrels, U.S. crude oil inventories are about 4% below the five year average for this time of year. Total motor gasoline inventories increased by 4.8 million barrels from last week and are slightly below the five year average for this time of year. Finished gasoline inventories decreased, while blending components inventories increased last week. Distillate fuel inventories increased by 1.7 million barrels last week and are about 6% below the five year average for this time of year. Propane/propylene inventories decreased 1.8 million barrels from last week and are about 17% above the five year average for this time of year. Total commercial petroleum inventories increased by 2.1 million barrels last week. Total products supplied over the last four-week period averaged 20.5 million barrels a day, up by 0.8% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 8.6 million barrels a day, down by 1.1% from the same as the last year period. Distillate fuel product supplied averaged 3.7 million barrels a day over the past four weeks, down by 2.2% from the same period last year. Jet fuel product supplied was down 2.1% compared with the same four-week period last year. The price for West Texas Intermediate crude oil was $57.61 per barrel on December 12, 2025, $2.62 less than a week ago, and $13.93 less than a year ago. The New York Harbor spot price for conventional gasoline was $1.761 per gallon, $0.083 less than a week ago, and $0.309 less than the year-ago price. The spot price for No. 2 heating oil at New York Harbor was $2.104 per gallon, $0.166 less than a week ago, and $0.059 less than the price last year. The national average retail price for regular gasoline decreased to $2.895 per gallon on December 15, 2025, $0.045 less than last week’s price, and $0.121 less than the year-ago price. The national average retail diesel fuel price decreased $0.058 to $3.607 per gallon, $0.113 more than the price one year ago.