Following is the text of the weekly Petroleum Status Report from the U.S. Department of Energy:
U.S. crude oil refinery inputs averaged just under 14.4 million barrels per day during the week ending March 16, 100 thousand barrels per day below the previous week’s average. Refineries operated at 82.2 percent of their operable capacity last week. Gasoline production decreased last week, averaging nearly 8.8 million barrels per day. Distillate fuel production increased last week, averaging about 4.3 million barrels per day.
U.S. crude oil imports averaged 8.2 million barrels per day last week, down by 492 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 8.7 million barrels per day, 215 thousand barrels per day above the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 632 thousand barrels per day. Distillate fuel imports averaged 174 thousand barrels per day last week.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.2 million barrels from the previous week. At 346.3 million barrels, U.S. crude oil inventories are in the upper limit of the average range for this time of year. Total motor gasoline inventories decreased by 1.2 million barrels last week and are in the upper limit of the average range. Finished gasoline inventories increased while blending components inventories decreased last week. Distillate fuel inventories increased by 1.8 million barrels last week and are in the upper limit of the average range for this time of year. Propane/propylene inventories increased by 0.5 million barrels last week and are above the upper limit of the average range. Total commercial petroleum inventories increased by 1.5 million barrels last week.
Total products supplied over the last four-week period have averaged nearly 18.2 million barrels per day, down by 5.7 percent compared to the similar period last year. Over the last four weeks, motor gasoline product supplied has averaged about 8.4 million barrels per day, down by 7.8 percent from the same period last year. Distillate fuel product supplied has averaged just under 3.6 million barrels per day over the last four weeks, down by 8.5 percent from the same period last year. Jet fuel product supplied is 1.0