Weekly Petroleum Status Report – Ending Feb 23rd

The Weekly Petroleum Status Report (WPSR) provides timely information on supply and selected prices of crude oil and principal petroleum products. It provides the industry, press, planners, policymakers, consumers, analysts, and State and local governments with a ready, reliable source of current information.

Petroleum supply data presented in the WPSR describe supply and disposition of crude oil and petroleum products in the United States and major U.S. regions called Petroleum Administration for Defense (PAD) Districts. Geographic coverage in the WPSR includes the 50 States and District of Columbia. U.S. territories are treated as import sources but are otherwise excluded from weekly petroleum supply statistics. Petroleum supply data include field production, imports and exports, inputs and production at refineries and blending terminals, production from gas processing plants and fractionators, and inventories at refineries, terminals, pipelines, and fractionators. Crude oil inventories include Alaskan crude oil in transit by water. Aggregated weekly petroleum supply statistics are used for calculation of products supplied, which is an approximation of U.S. petroleum demand.

The supply data contained in this report are based primarily on company submissions for the week ending 7:00 a.m. the preceding Friday. Selected data are released electronically after 10:30 a.m. Eastern Standard Time (EST) each Wednesday.
Price data presented in the WPSR include world crude oil contract prices, spot prices of crude oil and major products in major U.S. and world markets, futures prices of crude oil and major products on the New York Mercantile Exchange (NYMEX), and retail prices of gasoline and on-highway diesel fuel. During the heating season, wholesale and retail prices of propane and residential heating oil are also provided. Collectively, these price series provide a comprehensive and timely view of current U.S. and world prices of crude oil and major petroleum products.

Weekly price data are collected as of 8:00 a.m. every Monday. Weekly retail gasoline and on-highway diesel prices are first available around 5:00 p.m. EST on Monday (Tuesday when Monday is a Federal holiday). Wholesale and retail propane and residential heating oil prices are released electronically after 10:30 a.m. EST each Wednesday during the heating season (October through mid-March). The daily spot and futures prices are provided by Reuters, Inc.

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