Crude oil inventories rose 6.5 million barrels in the January 27 week to 494.8 million and were up 5.0 percent from last year at this time. Product inventories also rose, with motor gasoline up 3.9 million barrels to 257.1 million, increasing the year-on-year gain to 1.1 percent, while distillates were up 1.6 million barrels to 170.7 million, 6.9 percent above the year ago level.
Crude oil imports averaged 8.3 million barrels per day in the week, up by 480,000 barrels per day from the prior week. Average imports over the last 4 weeks ran at 8.4 million barrels per day, 5.3 percent above the same period a year ago.
Refineries operated at 88.3 percent of their operable capacity, unchanged from the prior week, but production increased, averaging 9.1 million barrels per day for gasoline and 4.7 million barrels per day for distillates.
On the demand side, total products supplied over the last 4 weeks averaged 19.3 million barrels, down 1.9 percent from the same period a year ago. Of this amount, supplied gasoline averaged about 8.2 million barrels per day, down by 5.7 percent from the level last year, while distillates supplied averaged 3.7 million barrels per day, 5.0 percent above the level a year ago.