Energy Report: Asia Deep Freeze

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.2 million barrels from the previous week. At 482.2 million barrels, U.S. crude oil inventories are about 8% above the five-year average for this time of year. Total motor gasoline inventories increased by 4.4 million barrels last week and are about 1% above the five year average for this time of year. Finished gasoline inventories decreased while blending components inventories increased last week. Distillate fuel inventories increased by 4.8 million

barrels last week and are about 9% above the five year average for this time of year.

Propane/propylene inventories decreased by 6.7 million barrels last week and are about 12% below the five year average for this time of year. Total commercial petroleum inventories decreased by 9.4 million barrels last week. Total products supplied over the last four-week period averaged 18.8 million barrels a day, down by 5.8% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 7.8 million barrels a day, down by 11.0% from the same period last year. Distillate fuel product supplied averaged 3.6 million barrels a day over the past four weeks, supply 3.6% from the same period last year. Jet fuel product supplied was down 30.0% compared with the same four-week period last year.

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