Gasoline stocks, up 1.1 million barrels in the September 22 week to 217.3 million barrels, are rebuilding after 3 weeks of steep draws following Hurricane Harvey's landfall in Texas. Distillate stocks are still down, 0.8 million barrels lower in the week at 138.0 million.
Commercial crude stocks also fell, down 1.8 million barrels to 471.0 million. When including the strategic reserve, which was drawn down 0.8 million barrels in the week in support of energy production in the wake of Hurricane Irma, stocks fell 2.6 million barrels to 1.15 billion.
Refineries are upping their production following the hurricane interruptions, operating at 88.6 percent of capacity, up 5.4 percentage points following a 5.5 point increase in the prior week. The price of West Texas Intermediate is down slightly following the results, just under $52.