Crude Oil Summary (EIA)
U.S. crude oil refinery inputs averaged 16.4 million barrels per day during the week ending September 12, 2025, which was 394 thousand barrels per day less than the previous week’s average. Refineries operated at 93.3% of their operable capacity last week. Gasoline production decreased last week, averaging 9.4 million barrels per day. Distillate fuel production decreased by 274 thousand barrels per day last week, averaging 5 million barrels per day. U.S. crude oil imports averaged 5.7 million barrels per day last week, decreased by 579 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.2 million barrels per day, 2.4% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 569 thousand barrels per day, and distillate fuel imports averaged 95 thousand barrels per day. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 9.3 million barrels from the previous week. At 415.4 million barrels, U.S. crude oil inventories are about 5% below the five year average for this time of year. Total motor gasoline inventories decreased by 2.3 barrels from last week and are 1% below the five year average for this time of year. Both finished gasoline inventories and blending components inventories decreased last week. Distillate fuel inventories increased by 4 million barrels last week and are about 8% below the five year average for this time of year. Propane/propylene inventories increased by 1.3 million barrels from last week and are 12% above the five year average for this time of year. Total commercial petroleum inventories increased by 1.2 million barrels last week. Total products supplied over the last four-week period averaged 20.7 million barrels a day, up by 1.7% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 8.9 million barrels a day, up by 0.5% from the same period last year. Distillate fuel product supplied averaged 3.7 million barrels a day over the past four weeks, down by 1.8% from the same period last year. Jet fuel product supplied was up 1.1% compared with the same four-week period last year. The price for West Texas Intermediate crude oil was $63.02 per barrel on September 12, 2025, $0.8 more than a week ago, and $6.57 less than a year ago. The New York Harbor spot price for conventional gasoline was $1.996 per gallon, $0.019 more than a week ago, and $0.055 less than the year-ago price. The spot price for No. 2 heating oil at New York Harbor was $2.196 per gallon, $0.002 more than a week ago, and $0.607 more than the price last year. The national average retail price for regular gasoline increased to $3.168 per gallon on September 15, 2025, $0.024 less than last week’s price, and $0.012 less than the year-ago price. The national average retail diesel fuel price decreased $0.027 to $3.739 per gallon, $0.213 more than the price one year ago.