U.S. crude oil refinery inputs averaged 17.1 million barrels per day during the week ending June 27, 2025, which was 118 thousand barrels per day more than the previous week’s average. Refineries operated at 94.9% of their operable capacity last week. Gasoline production decreased last week, averaging 9.6 million barrels per day. Distillate fuel production increased by 244 thousand barrels per day last week, averaging 5 million barrels per day. U.S. crude oil imports averaged 6.9 million barrels per day last week, increased by 976 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.1 million barrels per day, 13.9% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 906 thousand barrels per day, and distillate fuel imports averaged 118 thousand barrels per day. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.8 million barrels from the previous week. At 419 million barrels, U.S. crude oil inventories are about 9% below the five year average for this time of year. Total motor gasoline inventories increased by 4.2 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 decreased by 1.7 million barrels last week and are about 21% below the five year average for this time of year. Propane/propylene inventories increased by 3 million barrels from last week and are 11% above the five year average for this time of year. Total commercial petroleum inventories increased by 9.4 million barrels last week. Total products supplied over the last four-week period averaged 20.3 million barrels a day, down by 1.1% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 9.2 million barrels a day, down by 0.1% from the same period last year. Distillate fuel product supplied averaged 3.7 million barrels a day over the past four weeks, up by 0.6% from the same period last year. Jet fuel product supplied was up 2.4% compared with the same four-week period last year. The price for West Texas Intermediate crude oil was $66.66 per barrel on June 27, 2025, $9.06 less than a week ago, and $16.17 less than a year ago. The New York Harbor spot price for conventional gasoline was $2.098 per gallon, $0.255 less than a week ago, and $0.429 less than the year-ago price. The spot price for No. 2 heating oil at New York Harbor was $2.187 per gallon, $0.257 less than a week ago, and $0.194 less than the price last year. The national average retail price for regular gasoline decreased to $3.164 per gallon on June 30, 2025, $0.049 less than last week’s price, and $0.315 less than the year-ago price. The national average retail diesel fuel price decreased $0.048 to $3.727 per gallon, $0.086 less than the price one year ago.
CRUDE OIL WEEKLY UPDATE (Week Ending 07-07-25)
- Crude Oil, Natural Gas & Crude Oil Weekly Update
- Published on
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