Commodities Buzz: US Crude oil imports up 1% on year in last four weeks, says EIA

The Energy Information Administration (EIA) stated yesterday that US crude oil refinery inputs averaged 16.4 million barrels per day during the week ending May 8, 2026, which was 369 thousand barrels per day more than the previous week’s average. Refineries operated at 91.7% of their operable capacity last week. Gasoline production increased last week, averaging 9.8 million barrels per day. Distillate fuel production decreased, averaging 4.8 million barrels per day.

The US crude oil imports averaged 5.9 million barrels per day last week, increased by 424 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 5.8 million barrels per day, 1.0% more than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 303 thousand barrels per day, and distillate fuel imports averaged 214 thousand barrels per day.

EIA noted that US commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.3 million barrels from the previous week. At 452.9 million barrels, US crude oil inventories are about 0.3% below the five-year average for this time of year. Total motor gasoline inventories decreased by 4.1 million barrels from last week and are 5% below the five-year average for this time of year. Finished gasoline inventories increased, while blending component inventories decreased last week. Distillate fuel inventories increased by 0.2 million barrels last week and are about 9% below the five-year average for this time of year.

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