EIA Weekly Petroleum Report; Time To Track Storage Builds, Jet Fuel Supplied, Crude Oil Imports -- March 11, 2020

EIA weekly petroleum report, link here. I'm always curious how the EIA data will compare with the API data which is released a day earlier. Recall that yesterday, the API estimated a build of 6 million bbls vs a forecast of 1.8 million bbls. So, here's the EIA data:

• US crude oil in storage, increase week-over-week: a whopping 7.7-million-bbl increase;
• US crude oil in storage, total: 451.8 million bbls, about 2% below the five-year average for this time of the year;
• US refiners are operating at 86.4% of their operable capacity; on the low side; see jet fuel delivered below;
• imports, watch this closely over the next six months: averaged 6.4 million bbls per day last week; up by 174,000 bopd from the previous week; unremarkable;
• over the past four-week period, crude oil imports averaged about the very same, 6.4 million bopd, 6.5% less than the same four-week period last year (looks like time for another spreadsheet);
• and look at this, jet fuel supplied was down a whopping 13% (to be exact, 12.8%) compared with same four-week period last year -- this might explain refiners' decreased activity; can you say "coronavirus"?

Gas Buddy: $1.50-gasoline in Oklahoma City.

Re-balancing:

Week	Week Ending	Change	Million Bbls Storage
Week 0	November 21, 2018	4.9	446.9
Week 1	November 28, 2018	3.6	450.5
Week 2	December 6, 2018	-7.3	443.2
Week 3	December 12, 2018	-1.2	442.0
Week 4	December 19, 2018	-0.5	441.5
Week 5	December 28, 2018	0.0	441.4
Week 6	January 4, 2019	0.0	441.4
Week 7	January 9, 2019	-1.7	439.7
Week 8	January 16, 2019	-2.7	437.1
Week 9	January 24, 2019	8.0	445.0
Week 58	January 3, 2020	-11.5	429.9
Week 59	January 8, 2020	1.2	431.1
Week 60	January 15, 2020	-2.5	428.5
Week 61	January 23, 2020	-0.4	428.1
Week 62	January 29, 2020	3.5	431.7
Week 63	February 5, 2020	3.4	435.0
Week 64	February 12, 2020	7.5	442.5
Week 65	February 20, 2020	0.4	442.9
Week 66	February 26, 2020	0.5	443.3
Week 67	March 4, 2020	0.8	444.1
Week 68	March 11, 2020	7.7	451.8

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Princess Ponies

I forget when this video was taken, perhaps a year or so ago, when Sophia was about four years old, +/- six months. And, yes, I forgot to turn the iPhone horizontally.