Crude Inventory Fell 3.2 Million Barrels Last Week - EIA

• Crude Inventory -3.19M Barrels vs 1.72M Expected
• Cushing 444K
• Gasoline 382K vs -1.1M Expected
• Distillate -42K vs -1.62M Expected

For the week ending October 02, 2026, U.S. refineries processed 16.5 million barrels per day (b/d), up 223,000 b/d from the previous week, at 92.7% capacity utilization. Gasoline output averaged 9.3 million b/d, and distillate production increased to 5.3 million b/d.

Crude oil imports increased 1.1 million b/d to 6.8 million b/d, and the four-week average of 6.4 million b/d is 4.3% above the year-ago level. Gasoline imports averaged 512,000 b/d; distillate imports averaged 118,000 b/d.

Commercial crude oil inventories (excluding the Strategic Petroleum Reserve) decreased 3.2 million barrels to 424.1 million barrels, 1% above the five-year average. Gasoline inventories increased 0.4 million barrels, 6% below the five-year average. Distillate inventories remained unchanged, 12% below the five-year average. Propane/propylene inventories decreased 1.8 million barrels, 18% above the five-year average. Total commercial petroleum inventories decreased by 6.9 million barrels for the week.

Over the past four weeks, total product supplied averaged 21.1 million b/d, up 0.7% year over year. The four-week average for gasoline product supplied decreased 0.3% year over year to 8.8 million b/d, while the four-week average for distillate product supplied decreased 1.6% to 3.8 million b/d. The four-week average for jet fuel product supplied increased 6.0% year over year.

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