Crude Oil Imports Surge While Product Imports Remain Mixed
Crude oil imports surged by 1.2 million bpd to 7.7 million bpd, significantly above the four-week average of 6.6 million bpd. This represents a 2.7% increase compared to the same four-week period last year. In contrast, motor gasoline imports remained relatively low at 374,000 bpd, while distillate fuel imports averaged 123,000 bpd.
Product Inventories Show Mixed Trends
Total motor gasoline inventories rose by 2.1 million barrels but remained 4% below the five-year average. Both finished gasoline and blending components saw gains, suggesting a rebound in gasoline supply. Distillate fuel inventories edged down by 0.1 million barrels and also stood 4% below the five-year average. Meanwhile, propane/propylene inventories…
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