U.S. crude oil refinery inputs averaged 15.9 million barrels per day during the week ending
March 18, 2022 which was 276,000 barrels per day more than the previous week’s average.
Refineries operated at 91.1% of their operable capacity last week. Gasoline production increased
last week, averaging 9.8 million barrels per day. Distillate fuel production increased last week,
averaging 5.0 million barrels per day.
U.S. crude oil imports averaged 6.5 million barrels per day last week, up by 92,000 barrels per
day from the previous week. Over the past four weeks, crude oil imports averaged about 6.2
million barrels per day, 9.1% more than the same four-week period last year. Total motor
gasoline imports (including both finished gasoline and gasoline blending components) last week
averaged 721,000 barrels per day, and distillate fuel imports averaged 172,000 barrels per day.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve)
decreased by 2.5 million barrels from the previous week. At 413.4 million barrels, U.S. crude oil
inventories are about 13% below the five year average for this time of year. Total motor gasoline
inventories decreased by 2.9 million barrels last week and are about 0% below the five year
average for this time of year. Finished gasoline inventories increased while blending components
inventories decreased last week. Distillate fuel inventories decreased by 2.1 million barrels last
week and are about 17% below the five year average for this time of year. Propane/propylene
inventories increased by 0.3 million barrels last week and are about 23% below the five year
average for this time of year. Total commercial petroleum inventories decreased by 6.7 million
barrels last week.
Total products supplied over the last four-week period averaged 21.0 million barrels a day, up by
11.7% from the same period last year. Over the past four weeks, motor gasoline product supplied
averaged 8.8 million barrels a day, up by 4.0% from the same period last year. Distillate fuel
product supplied averaged 4.3 million barrels a day over the past four weeks, up by 8.6% from
the same period last year. Jet fuel product supplied was up 43.7% compared with the same fourweek period last year.
