US Crude Stocks Fall by 3.2M Barrels
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**U.S. Crude Oil Inventory Report: Week Ending October 2, 2026**
Commercial crude oil stockpiles in the United States (excluding the Strategic Petroleum Reserve) fell by 3.2 million barrels compared to the prior week. According to the Energy Information Administration (EIA), overall inventories stood at 424.1 million barrels, positioning them roughly 1% higher than the five-year average for this period.
### Refinery Operations and Production
During the week ending October 2, 2026, U.S. crude refinery inputs fell by 223,000 barrels per day from the previous week’s average, averaging 16.5 million barrels per day. Refineries ran at 92.7% of their maximum operating capacity.
* **Gasoline Output:** Averaged 9.3 million barrels per day.
* **Distillate Fuel Output:** Rose to an average of 5.3 million barrels per day.
### Import Trends
U.S. crude oil imports surged by 1.10 million barrels per day from the prior week, averaging 6.8 million barrels per day. Over the last month, crude imports averaged 6.4 million barrels per day, marking a 4.3% increase compared to the same timeframe last year.
* **Gasoline Imports:** Finished gasoline and blending components averaged 512,000 barrels per day.
* **Distillate Imports:** Averaged 118,000 barrels per day.
### Refined Product Stocks
* **Motor Gasoline:** Inventories edged up by 0.4 million barrels, remaining about 6% below the five-year average.
* **Distillate Fuel:** Stockpiles held steady, staying approximately 12% below the five-year average.
* **Propane/Propylene:** Inventories dropped by 1.8 million barrels, though they remain 18% higher than the five-year average.
* **Total Commercial Petroleum:** Combined inventories fell by 6.9 million barrels.
### Fuel Demand and Supplied Products
Total petroleum products supplied over the past four weeks averaged 21.1 million barrels per day, representing a 0.7% year-over-year increase.
* **Motor Gasoline Demand:** Averaged 8.8 million barrels per day, a slight decline of 0.3% compared to the same period last year.
* **Distillate Fuel Demand:** Averaged 3.8 million barrels per day, down 1.6% year-over-year.
* **Jet Fuel Demand:** Increased by 6.0% compared to the same four-week period in the prior year.
