U.S. crude oil refinery inputs averaged 17 million barrels per day during the week ending May 30, 2025, which was 670 thousand barrels per day more than the previous week’s average. Refineries operated at 93.4% of their operable capacity last week. Gasoline production decreased last week, averaging 9 million barrels per day. Distillate fuel production increased by 183 thousand barrels per day last week, averaging 5 million barrels per day. U.S. crude oil imports averaged 6.3 million barrels per day last week, decreased by 5 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.2 million barrels per day, 9.6% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 845 thousand barrels per day, and distillate fuel imports averaged 166 thousand barrels per day. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.3 million barrels from the previous week. At 436.1 million barrels, U.S. crude oil inventories are about 7% below the five year average for this time of year. Total motor gasoline inventories increased by 5.2 million barrels from last week and are about 1% below the five year average for this time of year. Both finished gasoline inventories and blending components inventories increased last week. Distillate fuel inventories increased by 4.2 million barrels last week and are about 16% below the five year average for this time of year. Propane/propylene inventories increased by 6.8 million barrels from last week and are 2% above the five year average for this time of year. Total commercial petroleum inventories increased by 12.9 million barrels last week. Total products supplied over the last four-week period averaged 19.8 million barrels a day, down by 0.9% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 8.8 million barrels a day, down by 3.1% from the same period last year. Distillate fuel product supplied averaged 3.6 million barrels a day over the past four weeks, down by 4.3% from the same period last year. Jet fuel product supplied was down 2.2 % compared with the same four-week period last year. The price for West Texas Intermediate crude oil was $61.46 per barrel on May 30, 2025, $1.43 less than a week ago, and $16.51 less than a year ago. The New York Harbor spot price for conventional gasoline was $1.912 per gallon, $0.08 less than a week ago, and $0.523 less than the year-ago price. The spot price for No. 2 heating oil at New York Harbor was $1.918 per gallon, $0.093 less than a week ago, and $0.355 less than the price last year. The national average retail price for regular gasoline decreased to $3.127 per gallon on June 2, 2025, $0.033 less than last week’s price, and $0.389 less than the year-ago price. The national average retail diesel fuel price decreased $0.036 to $3.451 per gallon, $0.275 lower than the price one year ago.
CRUDE OIL WEEKLY UPDATE (Week Ending 06-06-25)
- Crude Oil, Natural Gas & Crude Oil Weekly Update
- Published on
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