EIA: Gasoline Stocks Hit 8-Month Low; Crude Falls


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- U.S. commercial crude oil inventories declined during 
the week ended July 10 after rising the previous week, while gasoline 
inventories dropped to their lowest level in nearly eight months, according to 
Energy Information Administration data released Wednesday. Distillate fuel and 
jet fuel inventories increased.

   Commercial crude oil inventories fell by 1.7 million bbl to 409.7 million 
bbl during the profiled week, the lowest inventory level since the week ended 
June 26, when stocks stood at 408.4 million bbl. Inventories remained 16.2 
million bbl, or 3.8%, below the same week last year. Crude oil imports averaged 
5.689 million bpd in the profiled week, up by 60,000 bpd from the previous 
week. Over the last four weeks, crude imports averaged 5.622 million bpd, down 
8.6% from the same period last year. Crude oil exports averaged 3.721 million 
bpd last week, up from 3.262 million bpd the previous week and above the 3.314 
million bpd reported during the comparable week last year.

   Total motor gasoline inventories fell by 1.6 million bbl to 210.5 million 
bbl during the week profiled, the lowest level since the week ended Nov. 21, 
2025, when stocks stood at 209.9 million bbl. Inventories were down 18.3 
million bbl, or 8%, from the same week last year. Gasoline imports averaged 
552,000 bpd compared with 423,000 bpd the previous week and 907,000 bpd a year 
earlier. Gasoline exports averaged 852,000 bpd versus 1.026 million bpd the 
previous week and 909,000 bpd during the comparable week last year.

   Distillate fuel inventories increased by 4.6 million bbl to 108.2 million 
bbl during the reference week and were 4.6 million bbl, or 4.4%, above the same 
week last year. Distillate imports averaged 136,000 bpd compared with 87,000 
bpd the previous week and 56,000 bpd a year earlier. Distillate exports 
averaged 1.143 million bpd versus 1.679 million bpd the previous week and 1.393 
million bpd during the comparable week last year.

   Jet fuel inventories increased by 800,000 bbl to 48.4 million bbl last week 
and were 3.5 million bbl, or 7.8%, above the same week last year. Jet fuel 
imports averaged 112,000 bpd compared with 95,000 bpd the previous week and 
95,000 bpd a year earlier. Jet fuel exports averaged 301,000 bpd versus 295,000 
bpd the previous week and 250,000 bpd during the comparable week last year.

   Refinery utilization increased to 96.2% of operable capacity last week from 
95.8% the previous week. Crude oil inputs into refineries averaged 17.123 
million bpd, up by 99,000 bpd from the previous week's 17.024 million bpd, EIA 
data showed.

   Total products supplied over the last four weeks averaged 20.454 million 
bpd, down 0.4% from the same period last year. Gasoline demand averaged 8.976 
million bpd, down 2.3% from the comparable four-week period of 2025, while 
distillate demand averaged 3.664 million bpd, down 1.1% from the previous year. 
Jet fuel demand averaged 1.901 million bpd, up 4.7% from the same four-week 
period last year.

    




(c) Copyright 2026 DTN, LLC. All rights reserved.