Energy Information Administration or EIA stated in a latest weekly update that crude oil refinery inputs averaged 17.1 million barrels per day during the week ending August 1, 2025, which was 213 thousand barrels per day more than the previous week’s average. Refineries operated at 96.9% of their operable capacity last week. Gasoline production decreased last week, averaging 9.8 million barrels per day. Distillate fuel production decreased by 104 thousand barrels per day last week, averaging 5.1 million barrels per day.

US crude oil imports averaged 6.0 million barrels per day last week, decreased by 174 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.1 million barrels per day, 9.7% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 535 thousand barrels per day, and distillate fuel imports averaged 79 thousand barrels per day.

US commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3 million barrels from the previous week. At 423.7 million barrels, US crude oil inventories are about 6% below the five-year average for this time of year. Total motor gasoline inventories decreased by 1.3 million barrels from last week and are about 1% below the five year average for this time of year.

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