Crude Oil Summary (EIA)
U.S. crude oil refinery inputs averaged 16.4 million barrels per day during the week ending March 27, 2026, which was 220 thousand barrels per day less than the previous week’s average. Refineries operated at 92.1% of their operable capacity last week. Gasoline production decreased last week, averaging 9.6 million barrels per day. Distillate fuel production remained steady, averaging 5.0 million barrels per day. U.S. crude oil imports averaged 6.5 million barrels per day last week, decreased by 10 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.6 million barrels per day, 12.8% more than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 502 thousand barrels per day, and distillate fuel imports averaged 117 thousand barrels per day. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.5 million barrels from the previous week. At 461.6 million barrels, U.S. crude oil inventories are about 0.1% above the five year average for this time of year. Total motor gasoline inventories decreased by 0.6 million barrels from last week and are 4% 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 2.1 million barrels last week and are about 3% below the five year average for this time of year. Propane/propylene inventories increased by 4.1 million barrels from last week and are 71% above the five year average for this time of year. Total commercial petroleum inventories decreased by 2.1 million barrels last week. Total products supplied over the last four-week period averaged 20.9 million barrels per day, up by 4.2% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 8.9 million barrels per day, up by 1.3% from the same period last year. Distillate fuel product supplied averaged 4 million barrels per day over the past four weeks, up by 5.6% from the same period last year. Jet fuel product supplied was down 3.5% compared with the same four-week period last year. The price for West Texas Intermediate crude oil was $101.26 per barrel on March 27, 2026, $2.55 more than a week ago, and $31.52 more than a year ago. The New York Harbor spot price for conventional gasoline was $3.276 per gallon, $0.027 less than a week ago, and $1.233 more than the year-ago price. The spot price for No. 2 heating oil at New York Harbor was $4.458 per gallon, $0.106 less than a week ago, and $2.293 more than the price last year. The national average retail price for regular gasoline increased to $3.990 per gallon on March 30, 2026, $0.029 more than last week’s price, and $0.828 more than the year-ago price. The national average retail diesel fuel price increased $0.026 to $5.401 per gallon, $1.809 more than the price one year ago.
