11/05/2025
Summary of Weekly Petroleum Data (Week Ending October 31, 2025)
Key Takeaways
Oil supplies rose slightly, but inventories remain below normal levels, keeping the market tight.
Fuel production increased modestly, showing refineries are operating steadily at 86% capacity.
Gasoline and diesel stockpiles fell, signaling strong demand or slower restocking.
Jet fuel demand is up 6.2%, reflecting continued strength in air travel.
Refinery Operations and Production
U.S. crude oil refinery inputs averaged 15.3 million barrels per day (b/d), up 37,000 b/d from the previous week.
Refineries operated at 86% of operable capacity, indicating steady utilization.
Gasoline production increased to 9.8 million b/d, while distillate fuel production rose by 211,000 b/d to 4.7 million b/d.
Imports
Crude oil imports climbed to 5.9 million b/d, an increase of 873,000 b/d from the previous week.
Over the past four weeks, crude imports averaged 5.6 million b/d, about 7.3% lower than the same period in 2024.
Gasoline imports averaged 588,000 b/d, and distillate fuel imports averaged 104,000 b/d.
Inventories
Commercial crude oil inventories rose by 5.2 million barrels, reaching 421.2 million barrels — still 4% below the five-year average.
Gasoline inventories fell by 4.7 million barrels, now 5% below the five-year average.
Distillate inventories dropped slightly by 0.6 million barrels, 9% below the five-year average.
Propane/propylene inventories increased by 0.4 million barrels, remaining 15% above the five-year average.
Total commercial petroleum inventories increased modestly by 0.6 million barrels.
Demand Indicators (Products Supplied)
Total products supplied averaged 20.3 million b/d, down 1.2% from the same period last year.
Gasoline demand was 8.7 million b/d, 2.1% lower than last year.
Distillate demand averaged 3.8 million b/d, down 1.7% year-over-year.
Jet fuel demand increased 6.2%, showing recovery in travel and transport activity.
What This Means for Everyone
This week’s report shows that the U.S. oil and fuel market is steady overall, but supplies are still a bit tight and demand has dipped slightly.
Refineries are running at normal levels, producing more gasoline and diesel than the week before. The U.S. also imported more oil, helping to keep supplies stable — though total imports are still lower than they were last year.
Oil stockpiles increased modestly, which is good news for short-term supply, but they’re still below average for this time of year. Gasoline and diesel inventories dropped again, suggesting that people and businesses are still using plenty of fuel, or that refineries are catching up after seasonal maintenance.
Jet fuel use continues to rise, showing that air travel remains strong and the economy is still active. Meanwhile, overall fuel use is slightly lower than last year, possibly because of higher prices, more efficient vehicles, or slower economic growth.
The U.S. has enough oil and fuel for now, but since supplies are still below normal, prices could jump if global oil markets are disrupted or if demand increases quickly.
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