Following is the text of the weekly Petroleum Status Report from the U.S. Department of Energy:
U.S. crude oil refinery inputs averaged 15.3 million barrels per day during the week ending July 1, 68 thousand barrels per day above the previous week’s average. Refineries operated at 88.4 percent of their operable capacity last week. Gasoline production increased last week, averaging 9.5 million barrels per day. Distillate fuel production increased last week, averaging 4.4 million barrels per day.
U.S. crude oil imports averaged about 9.9 million barrels per day last week, up by 976 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 9.1 million barrels per day, 546 thousand 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 700 thousand barrels per day. Distillate fuel imports averaged 123 thousand barrels per day last week.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 0.9 million barrels from the previous week. At 358.6 million barrels, U.S. crude oil inventories are above the upper limit of the average range for this time of year. Total motor gasoline inventories decreased by 0.6 million barrels last week and are in the lower limit of the average range. Finished gasoline inventories increased while blending components inventories decreased last week. Distillate fuel inventories decreased by 0.2 million barrels last week and are near the upper limit of the average range for this time of year. Propane/propylene inventories increased by 2.3 million barrels last week and are below the lower limit of the average range. Total commercial petroleum inventories increased by 0.5 million barrels last week.
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