Offsetting the bearish reading on gasoline demand, distillate fuel consumption recouped 307,000 bpd from the previous week to 4.175 million bpd and distillate stockpiles plunged a more-than-expected 7.2 million bbl. At 164.6 million bbl, distillate supplies in the United States are still 18% above the 5-year average.
Over the past four weeks, distillate fuel suppled to the U.S. market averaged 3.9 million bpd, down by about 3.7% from the same period last year, although a marked improvement from the 9.3% decline reported last week.
Domestic refiners once again reduced their crude throughputs, down 277,000 bpd. Refiners operated at 75.1% of their operable capacity.
Domestic production fell 500,000 bpd from the previous week to 10.5 million bpd, according to the EIA, due in part to offshore production shut-ins in the Gulf of Mexico caused by Hurricane Delta.
Commercial crude oil stocks declined a less-than-expected 3.8 million bbl to 489.1 million bbl, about 11% above the 5-year average.
Total commercial petroleum inventories decreased by 16.8 million bbl last week.
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