Commodities Buzz: US Crude oil imports rise 12.8% on year in last four weeks, says EIA

The US Energy Information Administration or EIA has stated that US crude oil refinery inputs averaged 16.4 million barrels per day during the week ending March 27, 2026, which was 220 thousand barrels per day less than the previous week’s average. Refineries operated at 92.1% of their operable capacity last week. Gasoline production decreased last week, averaging 9.6 million barrels per day. Distillate fuel production remained steady, averaging 5.0 million barrels per day.

The crude oil imports averaged 6.5 million barrels per day last week, decreased by 10 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.6 million barrels per day, 12.8% more than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 502 thousand barrels per day, and distillate fuel imports averaged 117 thousand barrels per day.

EIA further noted that US commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.5 million barrels from the previous week. At 461.6 million barrels, US crude oil inventories are about 0.1% above the five-year average for this time of year. Total motor gasoline inventories increased by 0.6 million barrels from last week and are 4% above the five-year average for this time of year. Finished gasoline inventories increased while blending components inventories decreased last week. Distillate fuel inventories decreased by 2.1 million barrels last week and are about 3% below the five-year average for this time of year.

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