Crude oil inventories fell 2.2 million barrels in the April 7 week to 533.4 million, up 5.6 percent from last year at this time. Product inventories also decreased, with gasoline down 3.0 million barrels to 236.1 million, 1.5 percent below the year ago level, and distillates down 2.2 million barrels to 150.2 million, an 8.1 percent decrease from a year ago.
Crude oil imports averaged 7.9 million barrels per day, up by 28,000 barrels per day from the prior week. Over the last 4 weeks, imports averaged 8.1 million barrels per day, 3 percent above the level in the same period last year.
Refineries operated at 91.0 percent of their operable capacity, up 0.2 percentage points from the prior week. Production also increased, with gasoline averaging 9.9 million barrels and distillates 5.1 million barrels per day.
On the demand side, total products supplied over the last 4 weeks averaged 19.7 million barrels per day, unchanged from the same period last year. Of this amount, supplied gasoline averaged 9.3 million barrels, down 1.0 percent year-on-year, while distillates supplied averaged 4.2 million barrels, up a sharp 15.6 percent.