U.S. crude oil refinery inputs averaged 17.2 million barrels per day during the week ending August 8, 2025, which was 56 thousand barrels per day more than the previous week’s average. Refineries operated at 96.4% of their operable capacity last week. Gasoline production increased last week, averaging 9.8 million barrels per day. Distillate fuel production increased by 32 thousand barrels per day last week, averaging 5.1 million barrels per day. U.S. crude oil imports averaged 6.9 million barrels per day last week, increased by 958 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.2 million barrels per day, 5.1% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 632 thousand barrels per day, and distillate fuel imports averaged 107 thousand barrels per day. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3 million barrels from the previous week. At 426.7 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 0.8 million barrels from last week and are at the five year average for this time of year. Finished gasoline inventories increased and blending components inventories decreased last week. Distillate fuel inventories increased by 0.7 million barrels last week and are about 15% below the five year average for this time of year. Propane/propylene inventories increased by 3.9 million barrels from last week and are 11% above the five year average for this time of year. Total commercial petroleum inventories increased by 7.5 million barrels last week. Total products supplied over the last four-week period averaged 21.2 million barrels a day, up by 2.9% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 9 million barrels a day, down by 1.5% from the same period last year. Distillate fuel product supplied averaged 3.6 million barrels a day over the past four weeks, down by 1.6% from the same period last year. Jet fuel product supplied was up 4.3% compared with the same four-week period last year. The price for West Texas Intermediate crude oil was $64.94 per barrel on August 8, 2025, $3.45 less than a week ago, and $13.34 less than a year ago. The New York Harbor spot price for conventional gasoline was $2.082 per gallon, $0.036 less than a week ago, and $0.337 less than the year-ago price. The spot price for No. 2 heating oil at New York Harbor was $2.173 per gallon, $0.018 less than a week ago, and $0.04 less than the price last year. The national average retail price for regular gasoline increased to $3.118 per gallon on August 11, 2025, $0.022 less than last week’s price, and $0.296 less than the year-ago price. The national average retail diesel fuel price decreased $0.046 to $3.754 per gallon, $0.05 more than the price one year ago.
CRUDE OIL WEEKLY UPDATE (Week Ending 08-15-25)
- Crude Oil, Natural Gas & Crude Oil Weekly Update
- Published on
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