U.S. commercial crude oil inventories rose +3.5M bbl in the week ending Oct. 10, 2025, to 423.8M bbl, about 4% below the 5-yr seasonal average, reflecting lower refinery runs and weaker imports.

• Refinery inputs averaged 15.1M bpd, down -1.2M bpd WoW, with utilization slipping to 85.7%.

• Gasoline production declined to 9.4M bpd, and distillate production fell sharply by -577k bpd to 4.6M bpd.

• Crude imports decreased -878k bpd to 5.5M bpd, while the 4-week average of 6.1M bpd was -2.4% YoY.

• Gasoline inventories edged down -0.3M bbl and remain slightly below the 5-yr average; both finished gasoline and blending components fell.

• Distillate inventories dropped -4.5M bbl and are about 7% below the 5-yr norm, while propane/propylene rose +1.9M bbl and sit 11% above seasonal levels.

• Total commercial petroleum stocks increased +1.7M bbl, balancing the crude build and refined product drawdowns.

• Total products supplied averaged 20.7M bpd over the past four weeks (-0.5% YoY), with gasoline down -3.2% YoY, distillates up +0.2% YoY, and jet fuel down -4.8% YoY.