Weekly EIA Petroleum Report -- January 24, 2024

Locator: 46631B.

Weekly EIA petroleum report, link here:

• US crude oil in storage: decreased by a whopping 9.2 million bbls; 5% below 5-year average:
• imports, crude oil: 5.3% more than four-week period last year; affected by winter storm Gerri;
• refiners: holy mackerel -- down to 85.5% -- very seldom see it get this low -- affected by winter storm Gerri;
• gasoline product supplied up 3.7% from same period last year -- interesting, considering the refiners' number;
• distillate fuel inventories decreased by 1.4 million bbls; 1% above the five-year average;
• jet fuel supplied up a paltry 1.6% compared with same four-week period last year

Gasoline demand: link here.

*************************
We're Living On Pool Time