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

EIA stated yesterday that the US crude oil refinery inputs averaged 17.2 million barrels per day during the week ending August 7, 2026, which was 26 thousand barrels per day more than the previous week’s average. Refineries operated at 96.2% of their operable capacity last week. Gasoline production decreased last week, averaging 9.6 million barrels per day. Distillate fuel production increased, averaging 5.3 million barrels per day. U.S. crude oil imports averaged 7.3 million barrels per day last week, increased by 1.14 million barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.3 million barrels per day, 0.1% more than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 583 thousand barrels per day, and distillate fuel imports averaged 111 thousand barrels per day.

The US commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 17.4 million barrels from the previous week. At 424.4 million barrels, U.S. crude oil inventories are about 2% below the five-year average for this time of year. Total motor gasoline inventories decreased by 1.0 million barrels last week and are 6% below the five-year average for this time of year. Both finished gasoline and blending component inventories decreased last week. Distillate fuel inventories decreased by 0.1 million barrels last week and are about 12% below the five-year average for this time of year.

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