Crude Oil Summary (EIA)
U.S. crude oil refinery inputs averaged 16.1 million barrels per day during the week ending April 25, 2025, which was 189 thousand barrels per day more than the previous week’s average. Refineries operated at 88.6% of their operable capacity last week. Gasoline production decreased last week, averaging 9.5 million barrels per day. Distillate fuel production was flat last week, averaging 4.6 million barrels per day. U.S. crude oil imports averaged 5.5 million barrels per day last week, decreased by 90 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 5.8 million barrels per day, 11% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 581 thousand barrels per day, and distillate fuel imports averaged 99 thousand barrels per day. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.7 million barrels from the previous week. At 440.4 million barrels, U.S. crude oil inventories are about 6% below the five year average for this time of year. Total motor gasoline inventories decreased by 4 million barrels from last week and are about 4% below the five year average for this time of year. Finished gasoline and blending components inventories decreased last week. Distillate fuel inventories increased by 0.9 million barrels last week and are about 13% below the five year average for this time of year. Propane/propylene inventories increased by 0.6 million barrels from last week and are 8% below the five year average for this time of year. Total commercial petroleum inventories increased by 4.2 million barrels last week. Total products supplied over the last four-week period averaged 19.7 million barrels a day, up by 0.3% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 8.9 million barrels a day, up by 3.2% from the same period last year. Distillate fuel product supplied averaged 3.8 million barrels a day over the past four weeks, up by 10.3% from the same period last year. Jet fuel product supplied was up 11.9% compared with the same four-week period last year. The price for West Texas Intermediate crude oil was $63.85 per barrel on April 25, 2025, $21.53 less than a year ago. The New York Harbor spot price for conventional gasoline was $1.960 per gallon, $0.829 less than the yearago price. The spot price for No. 2 heating oil at New York Harbor was $2.080 per gallon, $0.365 less than the price last year. The national average retail price for regular gasoline decreased to $3.133 per gallon on April 28, 2025, $0.008 below last week’s price, and $0.52 less than the year-ago price. The national average retail diesel fuel price decreased $0.02 to $3.514 per gallon, $0.433 lower than the price one year ago.