FMX | Connect – www.fmxconnect.com - (Reported 7/28/2010)

Refinery utilization: 90.6

Distillates: 167.4 + 0.9

Gasoline: 222.2 + 0.1

Crude: 360.8 + 7.3

Summary of Weekly Petroleum Data for the Week Ending July 23, 2010
U.S. crude oil refinery inputs averaged 15.5 million barrels per day during the week ending July 23, 55 thousand barrels per day below the previous week’s average. Refineries operated at 90.6 percent of their operable capacity last week. Gasoline production increased last week, averaging 9.6 million barrels per day. Distillate fuel production decreased last week, averaging 4.3 million barrels per day.

U.S. crude oil imports averaged 11.2 million barrels per day last week, up by 1.2 million barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 10.0 million barrels per day, 456 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 1.1 million barrels per day. Distillate fuel imports averaged 149 thousand barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 7.3 million barrels from the previous week. At 360.8 million barrels, U.S. crude oil inventories are above the upper limit of the average range for this time of year. Total motor gasoline inventories increased by 0.1 million barrels last week, and are above the upper limit of the average range. Finished gasoline inventories remained unchanged while blending components inventories increased last week. Distillate fuel inventories increased by 0.9 million barrels, and are above the upper boundary of the average range for this time of year. Propane/propylene inventories increased by 0.5 million barrels last week and are in the lower half of the average range. Total commercial petroleum inventories increased by 9.0 million barrels last week.

Total products supplied over the last four-week period has averaged 19.4 million barrels per day, up by 3.4 percent compared to the similar period last year. Over the last four weeks, motor gasoline demand has averaged 9.4 million barrels per day, up by 2.1 percent from the same period last year. Distillate fuel demand has averaged 3.6 million barrels per day over the last four weeks, up by 9.3 percent from the same period last year. Jet fuel demand is 11.2 percent higher over the last four weeks compared to the same four-week period last year.

Source: EIA