EIA Weekly Petroleum Data -- November 2, 2022

EIA data today, link here:

• US commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.1 million barrels from the previous week.
• At 436.8 million barrels, U.S. crude oil inventories are about 3% below the five-year average for this time of year.
• Total motor gasoline inventories decreased by 1.3 million barrels from last week and are about 6% below the five-year average for this time of year.
• Finished gasoline inventories increased, but blending components inventories decreased last week.
• Distillate fuel inventories increased by 0.4 million barrels last week and are about 19% below the five-year average for this time of year.
• Propane/propylene inventories increased by 1.2 million barrels from last week and are 4% above the five year average for this time of year.
• Total commercial petroleum inventories decreased by 0.7 million barrels last week.

Other data in the EIA report today:

• US refiners increased operations week-over-week, from below 89% last week, if I recall correctly, to 90.6% this week;
• gasoline production increased last week (see above) but blending component issues affected overall gasoline inventories
• distillate fuel production increased last week; a combination of production and demand resulted in an increase of 0.4 million bbls distillate fuel inventories last week but distillate fuel inventories still 19% below their five-year average;
• over the past four weeks, motor gasoline product supplied averaged 8.6 million bpd, down by 8.2% from the same period last year;
• jet fuel supplied was flat, up 0.7% compared with the same four-week period last year