U.S. business crude oil inventories, excluding these within the Strategic Petroleum Reserve (SPR), elevated by 5.5 million barrels from the week ending March 20 to the week ending March 27, the U.S. Power Info Administration (EIA) highlighted in its newest weekly petroleum standing report.
The EIA report, which was launched on April 1 and included knowledge for the week ending March 27, confirmed that crude oil shares, not together with the SPR, stood at 461.6 million barrels on March 27, 456.2 million barrels on March 20, and 439.8 million barrels on March 28, 2025. The report highlighted that knowledge might not add as much as totals because of unbiased rounding.
Crude oil within the SPR stood at 415.1 million barrels on March 27, 415.4 million barrels on March 20, and 396.4 million barrels on March 28, 2025, the report confirmed. Complete petroleum shares – together with crude oil, complete motor gasoline, gas ethanol, kerosene sort jet gas, distillate gas oil, residual gas oil, propane/propylene, and different oils – stood at 1.688 billion barrels on March 27, the report highlighted. Complete petroleum shares had been down 2.5 million barrels week on week and up 82.8 million barrels 12 months on 12 months, the report identified.
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“At 461.6 million barrels, U.S. crude oil inventories are about 0.1 p.c above the 5 12 months common for this time of 12 months,” the EIA mentioned in its newest weekly petroleum standing report.
“Complete motor gasoline inventories decreased by 0.6 million barrels from final week and are 4 p.c above the 5 12 months common for this time of 12 months. Completed gasoline inventories elevated whereas mixing parts inventories decreased final week,” it added.
“Distillate gas inventories decreased by 2.1 million barrels final week and are about three p.c under the 5 12 months common for this time of 12 months. Propane/propylene inventories elevated by 4.1 million barrels from final week and are 71 p.c above the 5 12 months common for this time of 12 months,” it continued.
U.S. crude oil refinery inputs averaged 16.4 million barrels per day throughout the week ending March 27, in keeping with the EIA report, which identified that this was 220,000 barrels per day lower than the earlier week’s common.
“Refineries operated at 92.1 p.c of their operable capability final week,” the EIA mentioned within the report.
“Gasoline manufacturing decreased final week, averaging 9.6 million barrels per day. Distillate gas manufacturing remained regular, averaging 5.0 million barrels per day,” it added.
U.S. crude oil imports averaged 6.5 million barrels per day final week, in keeping with the report, which outlined that this was a lower of 10,000 barrels per day from the earlier week.
“Over the previous 4 weeks, crude oil imports averaged about 6.6 million barrels per day, 12.8 p.c greater than the identical four-week interval final 12 months,” the EIA famous in its report.
“Complete motor gasoline imports (together with each completed gasoline and gasoline mixing parts) final week averaged 502,000 barrels per day, and distillate gas imports averaged 117,000 barrels per day,” it added.
Complete merchandise equipped over the past four-week interval averaged 20.9 million barrels per day, up by 4.2 p.c from the identical interval final 12 months, the EIA said within the report.
“Over the previous 4 weeks, motor gasoline product equipped averaged 8.9 million barrels per day, up by 1.3 p.c from the identical interval final 12 months,” the EIA added.
“Distillate gas product equipped averaged 4 million barrels per day over the previous 4 weeks, up by 5.6 p.c from the identical interval final 12 months. Jet gas product equipped was down 3.5 p.c in contrast with the identical four-week interval final 12 months,” the EIA continued.
The EIA additionally highlighted in its report that the value for West Texas Intermediate (WTI) crude oil was $101.26 per barrel on March 27, “$2.55 greater than every week in the past, and $31.52 greater than a 12 months in the past”.
The group went on to state that the nationwide common retail worth for normal gasoline elevated to $3.990 per gallon on March 30. It highlighted that this was $0.029 greater than final week’s worth and $0.828 greater than the year-ago worth.
The nationwide common retail diesel gas worth elevated $0.026 to $5.401 per gallon, in keeping with the EIA report, which identified that this was $1.809 greater than the value one 12 months in the past.
Based on the AAA Gasoline Costs web site, as of April 2, the typical U.S. common gasoline worth stood at $4.081 per gallon and the typical U.S. diesel worth stood at $5.507 per gallon.
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