The US Energy Information Administration or EIA stated yesterday US crude oil refinery inputs averaged 17.1 million barrels per day during the week ending June 27, 2025, which was 118 thousand barrels per day more than the previous week’s average. Refineries operated at 94.9% of their operable capacity last week. Gasoline production decreased last week, averaging 9.6 million barrels per day. Distillate fuel production increased by 244 thousand barrels per day last week, averaging 5 million barrels per day.
The US crude oil imports averaged 6.9 million barrels per day last week, increased by 976 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.1 million barrels per day, 13.9% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 906 thousand barrels per day, and distillate fuel imports averaged 118 thousand barrels per day.
EIA noted commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.8 million barrels from the previous week. At 419 million barrels, US crude oil inventories are about 9% below the five-year average for this time of year. Total motor gasoline inventories increased by 4.2 million barrels from last week and are about 1% below the five-year average for this time of year. Both Finished gasoline inventories and blending components inventories increased last week. Distillate fuel inventories decreased by 1.7 million barrels last week and are about 21% below the five-year average for this time of year.