Crude Oil Summary (EIA)
U.S. crude oil refinery inputs averaged 16.0 million barrels per day during the week ending February 6, 2026, which was 29 thousand barrels per day less than the previous week’s average. Refineries operated at 89.4% of their operable capacity last week. Gasoline production increased last week, averaging 9.1 million barrels per day. Distillate fuel production increased by 45 thousand barrels per day last week, averaging 4.9 million barrels per day. U.S. crude oil imports averaged 6.8 million barrels per day last week, increased by 604 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.3 million barrels per day, 5.0% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 365 thousand barrels per day, and distillate fuel imports averaged 151 thousand barrels per day. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 8.5 million barrels from the previous week. At 428.8 million barrels, U.S. crude oil inventories are about 3% below the five year average for this time of year. Total motor gasoline inventories increased by 1.2 million barrels from last week and are about 4% above the five year average for this time of year. Finished gasoline inventories decreased, while blending components inventories increased last week. Distillate fuel inventories decreased by 2.7 million barrels last week and are about 4% below the five year average for this time of year. Propane/propylene inventories decreased 5.4 million barrels from last week and are about 36% above the five year average for this time of year. Total commercial petroleum inventories decreased by 1.7 million barrels last week. Total products supplied over the last four-week period averaged 20.8 million barrels per day, 2.4% above the same period last year. Over the past four weeks, motor gasoline product supplied averaged 8.3 million barrels per day, 0.7% below the same period last year. Distillate fuel product supplied averaged 4.1 million barrels per day over the past four weeks, down by 3.2% from the same period last year. Jet fuel product supplied was down 2.3% compared with the same four-week period last year. The price for West Texas Intermediate crude oil was $63.77 per barrel February 6, 2026, $0.73 less than a week ago, and $7.55 less than a year ago. The New York Harbor spot price for conventional gasoline was $2.179 per gallon, $0.009 less than a week ago, and $0.002 less than the year-ago price. The spot price for No. 2 heating oil at New York Harbor was $2.203 per gallon, $0.131 less than a week ago, and $0.178 less than the price last year. The national average retail price for regular gasoline increased to $2.902 per gallon on February 9, 2026, $0.035 more than last week’s price, and $0.226 less than the year-ago price. The national average retail diesel fuel price increased $0.007 to $3.688 per gallon, $0.023 more than the price one year ago.
