CRUDE OIL WEEKLY UPDATE (Week Ending 09-26-25)

CRUDE OIL WEEKLY UPDATE (Week Ending 09-26-25)

U.S. crude oil refinery inputs averaged 16.5 million barrels per day during the week ending September 19, 2025, which was 52 thousand barrels per day more than the previous week’s average. Refineries operated at 93% of their operable capacity last week. Gasoline production increased last week, averaging 9.7 million barrels per day. Distillate fuel production increased by 29 thousand barrels per day last week, averaging 5 million barrels per day. U.S. crude oil imports averaged 6.5 million barrels per day last week, increased by 803 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.3 million barrels per day, 0.9% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 506 thousand barrels per day, and distillate fuel imports averaged 69 thousand barrels per day. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 0.6 million barrels from the previous week. At 414.8 million barrels, U.S. crude oil inventories are about 4% below the five year average for this time of year. Total motor gasoline inventories decreased by 1.1 barrels from last week and are 2% below the five year average for this time of year. Both finished gasoline inventories and blending components inventories decreased last week. Distillate fuel inventories decreased by 1.7 million barrels last week and are about 8% below the five year average for this time of year. Propane/propylene inventories increased by 1 million barrels from last week and are 12% above the five year average for this time of year. Total commercial petroleum inventories decreased by 0.5 million barrels last week. Total products supplied over the last four-week period averaged 20.5 million barrels a day, up 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 which is the same as the last year period. Distillate fuel product supplied averaged 3.6 million barrels a day over the past four weeks, down by 5.7% from the same period last year. Jet fuel product supplied was down 1.4% compared with the same four-week period last year. The price for West Texas Intermediate crude oil was $63.02 per barrel on September 19, 2025, the same as a week ago, and $9.70 less than a year ago. The New York Harbor spot price for conventional gasoline was $1.977 per gallon, $0.019 less than a week ago, and $0.147 less than the year-ago price. The spot price for No. 2 heating oil at New York Harbor was $2.205 per gallon, $0.009 more than a week ago, and $0.535 more than the price last year. The national average retail price for regular gasoline increased to $3.173 per gallon on September 22, 2025, $0.005 more than last week’s price, and $0.012 less than the year-ago price. The national average retail diesel fuel price increased $0.01 to $3.749 per gallon, $0.21 more than the price one year ago.

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