U.S. commercial crude oil inventories fell -1.0M bbl in the week ending Oct. 17, 2025, to 422.8M bbl, about 4% below the 5-yr seasonal average, reflecting higher refinery runs and firm product demand.

• Refinery inputs averaged 15.7M bpd, up +601k bpd WoW, with utilization rising to 88.6% of capacity.

• Gasoline production increased to 9.6M bpd, and distillate production edged up +40k bpd to 4.6M bpd.

• Crude oil imports rose +393k bpd to 5.9M bpd; the 4-week average of 5.9M bpd was -4.6% YoY, showing softer import demand.

• Gasoline inventories declined -2.1M bbl and remain slightly below the 5-yr average; finished gasoline rose, while blending components fell.

• Distillate inventories dropped -1.5M bbl, about 7% below the 5-yr norm, while propane/propylene stocks rose +0.8M bbl to 12% above average.

• Total commercial petroleum inventories fell -4.2M bbl, marking a broad draw across categories.

• Total products supplied averaged 20.5M bpd over the past four weeks (-0.1% YoY), with gasoline down -3.6% YoY, distillates up +0.2% YoY, and jet fuel down -0.1% YoY.