Crude Oil Summary (EIA)
U.S. crude oil refinery inputs averaged 16.2 million barrels per day during the week ending March 13, 2026, which was 63 thousand barrels per day more than the previous week’s average. Refineries operated at 91.4% of their operable capacity last week. Gasoline production decreased last week, averaging 9.4 million barrels per day. Distillate fuel production decreased by 75 thousand barrels per day last week, averaging 4.9 million barrels per day. U.S. crude oil imports averaged 7.2 million barrels per day last week, increased by 772 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.7 million barrels per day, 17.8% more than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 447 thousand barrels per day, and distillate fuel imports averaged 221 thousand barrels per day. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 6.2 million barrels from the previous week. At 449.3 million barrels, U.S. crude oil inventories are about 1% below the five year average for this time of year. Total motor gasoline inventories decreased by 5.4 million barrels from last week and are 3% above the five year average for this time of year. Both finished gasoline and blending components inventories decreased last week. Distillate fuel inventories decreased by 2.5 million barrels last week and are about 3% below the five year average for this time of year. Propane/propylene inventories increased by 0.8 million barrels from last week and are 57% above the five year average for this time of year. Total commercial petroleum inventories increased by 0.4 million barrels last week. Total products supplied over the last four-week period averaged 21.0 million barrels a day, up by 2.1% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 8.7 million barrels a day, down by 1.0% from the same period last year. Distillate fuel product supplied averaged 4.0 million barrels a day over the past four weeks, up by 0.4% 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 $98.48 per barrel on March 13, 2026, $7.71 more than a week ago, and $31.05 more than a year ago. The New York Harbor spot price for conventional gasoline was $3.061 per gallon, $0.292 more than a week ago, and $1.097 more than the year-ago price. The spot price for No. 2 heating oil at New York Harbor was $3.902 per gallon, $0.368 more than a week ago, and $1.833 more than the price last year. The national average retail price for regular gasoline increased to $3.720 per gallon on March 16, 2026, $0.218 more than last week’s price, and $0.662 more than the year-ago price. The national average retail diesel fuel price increased $0.212 to $5.071 per gallon, $1.522 more than the price one year ago.