Crude Oil Summary (EIA)
U.S. crude oil refinery inputs averaged 15.1 million barrels per day during the week ending October 10, 2025, which was 1.2 million barrels per day less than the previous week’s average. Refineries operated at 85.7% of their operable capacity last week. Gasoline production decreased last week, averaging 9.4 million barrels per day. Distillate fuel production decreased by 577 thousand barrels per day last week, averaging 4.6 million barrels per day. U.S. crude oil imports averaged 5.5 million barrels per day last week, decreased by 878 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.1 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 532 thousand barrels per day, and distillate fuel imports averaged 160 thousand barrels per day. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.5 million barrels from the previous week. At 423.8 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 0.3 million barrels from last week and are slightly below the five year average for this time of year. Both finished gasoline and blending components inventories decreased last week. Distillate fuel inventories decreased by 4.5 million barrels last week and are about 7% below the five year average for this time of year. Propane/propylene inventories increased by 1.9 million barrels from last week and are 11% above the five year average for this time of year. Total commercial petroleum inventories increased by 1.7 million barrels last week. Total products supplied over the last four-week period averaged 20.7 million barrels a day, down by 0.5% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 8.7 million barrels a day, down by 3.2% from the same as the last year period. Distillate fuel product supplied averaged 4.0 million barrels a day over the past four weeks, up by 0.2% from the same period last year. Jet fuel product supplied was down 4.8% compared with the same four-week period last year. The price for West Texas Intermediate crude oil was $59.75 per barrel on October 10, 2025, $1.90 less than a week ago, and $16.36 less than a year ago. The New York Harbor spot price for conventional gasoline was $1.827 per gallon, $0.041 less than a week ago, and $0.430 less than the year-ago price. The spot price for No. 2 heating oil at New York Harbor was $2.104 per gallon, $0.038 less than a week ago, and $0.281 more than the price last year. The national average retail price for regular gasoline decreased to $3.061 per gallon on October 13, 2025, $0.063 less than last week’s price, and $0.11 less than the year-ago price. The national average retail diesel fuel price decreased $0.046 to $3.665 per gallon, $0.034 more than the price one year ago.