EIA: Crude Stocks Down as Gasoline Nears 6-Month Low


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- U.S. commercial crude oil inventories fell for a third 
straight week, and gasoline stockpiles dipped to a near six-month low, 
according to Energy Information Administration data for the week ended May 8 
released Wednesday (5/13).

   Distillate and jet fuel inventories, meanwhile, moved higher as refinery 
utilization climbed to the highest level since late summer.

   Commercial crude oil inventories fell by 4.3 million bbl to 452.9 million 
bbl during the week profiled. The latest crude inventory balance was 11 million 
bbl, or 2.5%, above the same period last year.

   Crude oil imports averaged 5.9 million bpd in the profiled week, up 420,000 
bpd from the previous week. Over the last four weeks, crude imports averaged 
5.8 million bpd, up 0.9% from the same period last year. Crude oil exports 
averaged 5.49 million bpd last week, up from 4.75 million bpd the week prior 
and well above the 3.37 million bpd reported a year earlier.

   Distillate fuel inventories rose by 200,000 bbl to 102.5 million bbl during 
the reference week. Stocks were down 1.1 million bbl, or 1.1%, from the same 
week last year, remaining near record low levels.

   Total motor gasoline inventories decreased by 4.1 million bbl to 215.7 
million bbl, the lowest level since the week ended November 28, 2025, when 
inventories stood at 214.4 million bbl. On an annual basis, gasoline 
inventories were down 9 million bbl, or 4%.

   Jet fuel inventories rose by 400,000 bbl to 44 million bbl last week and 
were 2.4 million bbl, or 5.7%, above year-ago levels.

   Refinery utilization increased to 91.8% of operable capacity last week from 
90.1% in the prior week. Crude oil inputs into refineries averaged 16.398 
million bpd, higher than the previous week's 16.029 million bpd.

   Total products supplied over the last four weeks averaged 19.84 million bpd, 
up 1.1% from the same period last year. Gasoline demand averaged 9.01 million 
bpd, up 0.8% from year-ago levels, while distillate demand averaged 3.688 
million bpd, down 1.3% from the previous year.




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