U.S. crude oil refinery inputs averaged 13.8 million barrels per day during the week ending November 6, 145 thousand barrels per day below the previous week’s average. Refineries operated at 79.9 percent of their operable capacity last week. Gasoline production decreased last week, averaging 8.9 million barrels per day. Distillate fuel production increased last week, averaging 4.1 million barrels per day. U.S. crude oil imports averaged 8.7 million barrels per day last week, up 530 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 8.6 million barrels per day, 1.5 million barrels per day below the same
four week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 732 thousand barrels per day. Distillate fuel imports averaged 177 thousand barrels per day last week.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.8 million barrels from the previous week. At 337.7 million barrels, U.S. crude oil inventories are slightly above the upper limit of the average range for this time of year. Total motor gasoline inventories increased by
2.5 million barrels last week, and are above the upper limit of the average range. Both finished gasoline inventories and blending components increased last week. Distillate fuel inventories increased by 0.3 million barrels, and are above the upper boundary of the average range for this time of year. Propane/propylene inventories decreased by 1.2 million barrels last week and are in the upper half of the average range. Total commercial petroleum inventories increased by 1.0 million barrels last week, and are above the upper limit of the average range for this time of year.
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Total products supplied over the last four week period has averaged 18.7 million barrels per day, down by 4.7 percent compared to the similar period last year. Over the last four weeks, motor gasoline demand has averaged 8.9 million barrels per day, down by 1.0 percent from the same period last year. Distillate fuel demand has
averaged 3.6 million barrels per day over the last four weeks, down by 13.8 percent from the same period last year. Jet fuel demand is 4.0 percent lower over the last four weeks compared to the same four week period last year. The average world crude oil price on November 6, 2009 was $76.34 per barrel, $0.15 less than last week’s price but $17.68 above a year ago. WTI was $77.40 per barrel on November 6, 2009, $0.36 more than last week’s price and $16.34 above a year ago.
The spot price for conventional gasoline in the New York Harbor was 192.15 cents per gallon, 5.70 cents less than last week’s price but 51.75 cents above last year. The spot price for No. 2 heating oil in the New York Harbor was 195.44 cents per gallon, 1.03 cents less than last week’s price and 0.91 cent under a year ago. The national average retail regular gasoline price decreased to 266.6 cents per gallon on November 9, 2009, 2.8 cents per gallon less than last week but 44.2 cents above a year ago. The national
average retail diesel fuel price decreased to 280.1 cents per gallon, 0.7 cent per gallon less than last week and 14.3 cents below a year ago.....Read the entire report.
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