Weekly EIA Petroleum Report -- December 22, 2021

Weekly EIA petroleum report, are we starting to get folks' attention?

• US crude oil in storage decreased by a pretty significant amount of 4.7 million bbls;
• at 423.6 million bbls in US storage, US crude oil inventories are 8% below the five-year average;
• US crude oil imports averaged 6.2 million bopd, down by 277,000 bbls; yawn;
• four-week import average of 6.4 million bbls, yawn, but still almost 13% more than one year ago;
• refiners still operating below 90% operable capacity, but just barely (89.6%);
• distillate fuel inventories increased by 0.4 million bbls last week; still 8% below five-year average;
• propane was down;
• jet fuel product supplied was up 25.6% compared with same four-week period last year;
• most interesting metric: gasoline demand will be reported later this afternoon. 

Gasoline demand: pending.

From twitter early this morning:

Gasoline demand: yesterday, Tuesday, US gasoline demand reached its second highest tally for a Tuesday in 2021, barely missing the Tuesday ahead of Thanksgiving. Link here.

• demand was up 5.8% from the prior Tuesday, and was 3.1% higher than the average of the last four Tuesdays.