US Crude Oil Stocks Surge by 17.4 Million Barrels
admin 
**U.S. Commercial Crude Inventories Surge by 17.4 Million Barrels**
According to the latest weekly report from the Energy Information Administration (EIA) for the week ending August 7, 2026, U.S. commercial crude oil inventories (excluding the Strategic Petroleum Reserve) rose by 17.4 million barrels to a total of 424.4 million barrels. Despite this weekly increase, domestic stockpiles remain approximately 2% below the five-year average for this period.
### Refinery Activity and Production
During the week ending August 7, U.S. refineries processed an average of 17.2 million barrels of crude oil per day, representing a minor decrease of 26,000 barrels per day compared to the prior week’s average. Refineries operated at 96.2% of their total operable capacity.
* **Gasoline Output:** Decreased to an average of 9.6 million barrels per day.
* **Distillate Fuel Output:** Increased to an average of 5.3 million barrels per day.
### Import Trends
U.S. crude oil imports experienced a significant jump, averaging 7.3 million barrels per day—an increase of 1.14 million barrels per day from the previous week. Over the last four weeks, crude imports averaged 6.3 million barrels per day, up 0.1% compared to the same timeframe last year.
* **Gasoline Imports:** Averaged 583,000 barrels per day (including finished gasoline and blending components).
* **Distillate Fuel Imports:** Averaged 111,000 barrels per day.
### Refined Product Inventories
* **Motor Gasoline:** Total inventories fell by 1.0 million barrels and sit roughly 6% below the five-year average. Declines were recorded in both finished gasoline and blending components.
* **Distillate Fuel:** Stockpiles decreased by 0.1 million barrels, remaining 12% below the five-year average.
* **Propane/Propylene:** Inventories rose by 1.9 million barrels, standing 31% higher than the five-year average.
* **Total Commercial Petroleum:** Overall commercial inventories grew by 15.7 million barrels.
### Fuel Demand and Supply
Over the past four weeks, total petroleum products supplied averaged 20.7 million barrels per day, marking a 2.1% decrease compared to the same period last year.
* **Motor Gasoline Demand:** Averaged 9.0 million barrels per day, down 0.5% year-over-year.
* **Distillate Fuel Demand:** Averaged 3.7 million barrels per day, up 1.9% year-over-year.
* **Jet Fuel Demand:** Rose by 3.8% compared to the same four-week period last year.
