The US Energy Information Administration or EIA has stated in a latest weekly update that crude oil refinery inputs averaged 15.7 million barrels per day during the week ending February 20, 2026, which was 416 thousand barrels per day less than the previous week’s average. Refineries operated at 88.6% of their operable capacity last week. Gasoline production decreased last week, averaging 9.2 million barrels per day. Distillate fuel production decreased by 136 thousand barrels per day last week, averaging 4.8 million barrels per day.

The US crude oil imports averaged 6.7 million barrels per day last week, increased by 136 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.5 million barrels per day, 4.9% more than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 563 thousand barrels per day, and distillate fuel imports averaged 411 thousand barrels per day.

EIA noted that US commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 16.0 million barrels from the previous week. At 435.8 million barrels, US crude oil inventories are about 3% below the five-year average for this time of year. Total motor gasoline inventories decreased by 1.0 million barrels from last week and are 3% above the five-year average for this time of year. Finished gasoline inventories decreased last week and blending components inventories increased last week.