U.S. commercial petroleum inventories fell by 8.2 million barrels in the week ended Oct. 30, the Energy Information Administration reported Wednesday, as crude oil, gasoline and distillate supplies all declined.
Commercial crude oil inventories excluding the Strategic Petroleum Reserve decreased by 0.9 million barrels to 409.8 million. That level was about 4% below the five-year average for this time of year.
Distillate inventories, which include diesel fuel and heating oil, fell by 3.6 million barrels and were 13% below their five-year average. Gasoline inventories declined by 0.2 million barrels and were 2% below the seasonal five-year average. Propane and propylene supplies fell by 1.6 million barrels but remained 10% above average.
Refineries processed an average of 16.7 million barrels of crude oil a day, up 199,000 barrels a day from the previous week. Refinery capacity utilization increased to 94.5%.
Crude oil imports averaged 6.4 million barrels a day, little changed from the prior week. The four-week import average was 9.5% higher than the same period a year earlier.
The EIA’s four-week measure of total petroleum products supplied averaged 21.2 million barrels a day, 4.2% above the comparable period in 2025. Distillate products supplied increased 8.7% from a year earlier, while gasoline supplied declined 0.4% and jet-fuel supplied fell 2.8%.
The weekly report is a preliminary estimate of U.S. petroleum supply, stocks and product movements. Inventory levels do not by themselves determine retail fuel prices, which also reflect crude costs, refining, distribution, taxes and regional market conditions.
Sources: - U.S. Energy Information Administration, Weekly Petroleum Status Report summary for the week ended Oct. 30, 2026, released Nov. 4, 2026