U.S. crude oil refinery inputs averaged 16.4 million barrels per day during the week ending November 21, 2025, which was 211 thousand barrels per day more than the previous week’s average. Refineries operated at 92.3% of their operable capacity last week. Gasoline production increased last week, averaging 9.6 million barrels per day. Distillate fuel production increased by 87 thousand barrels per day last week, averaging 5.0 million barrels per day. U.S. crude oil imports averaged 6.4 million barrels per day last week, increased by 486 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 5.9 million barrels per day, 11.2% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 658 thousand barrels per day, and distillate fuel imports averaged 199 thousand barrels per day. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.8 million barrels from the previous week. At 426.9 million barrels, U.S. crude oil inventories are about 4% below the five year average for this time of year. Total motor gasoline inventories increased by 2.5 million barrels from last week and are about 3% below the five year average for this time of year. Finished gasoline inventories decreased, while blending components inventories increased last week. Distillate fuel inventories increased by 1.1 million barrels last week and are about 5% below the five year average for this time of year. Propane/propylene inventories decreased 1.1 million barrels from last week and are about 16% above the five year average for this time of year. Total commercial petroleum inventories increased by 1.6 million barrels last week. Total products supplied over the last four-week period averaged 20.4 million barrels a day, down by 0.1% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 8.8 million barrels a day, up by 0.1% from the same as the last year period. Distillate fuel product supplied averaged 3.7 million barrels a day over the past four weeks, down by 0.2% from the same period last year. Jet fuel product supplied was down 4.7% compared with the same four-week period last year. The price for West Texas Intermediate crude oil was $58.86 per barrel on November 21, 2025, $2.01 less than a week ago, and $12.82 less than a year ago. The New York Harbor spot price for conventional gasoline was $1.885 per gallon, $0.132 less than a week ago, and $0.275 less than the year-ago price. The spot price for No. 2 heating oil at New York Harbor was $2.344 per gallon, $0.094 less than a week ago, and $0.169 more than the price last year. The national average retail price for regular gasoline increased to $3.061 per gallon on November 24, 2025, $0.001 less than last week’s price, and $0.017 more than the year-ago price. The national average retail diesel fuel price decreased $0.037 to $3.831 per gallon, $0.292 more than the price one year ago.
CRUDE OIL WEEKLY UPDATE (Week Ending 11-28-25)
- Crude Oil, Natural Gas & Crude Oil Weekly Update
- Published on
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