Total motor gasoline deliveries, a measure of consumer gasoline demand, moved up 2.7% from June 2015, to average more 9.6 million barrels per day. Compared with May 2016, total motor gasoline deliveries increased 2.1%.

Crude oil production was down from the prior month, the prior year, and the prior year-to-date to the lowest output level since May 2014. Crude oil production decreased 1.8% from May, and was down 7.4% from June 2015 to average 8.6 million barrels per day in June. This was the ninth consecutive monthly decline observed. For year-to-date, crude production was also down 5.4% compared with year-to-date 2015.

US total petroleum imports in June averaged just below 9.8 million barrels per day, up 2.0% from the prior month and up 2.4% from the prior year, but remained the third lowest total petroleum imports for the month of June in 20 years, since 1996. For year-to-date, total petroleum imports were also up 4.3% compared with year-to-date 2015. Crude oil imports increased 2.3% from June 2015 to 7.5 million barrels per day in June 2016. Compared with May 2016, crude oil imports were 1.7% lower.

Crude oil stocks ended in June at 520.9 million barrels–the highest June inventory level in 86 years, since 1930. Crude stocks were down 15.7 million barrels or 2.9% from the prior month, but were up 51.4 million barrels or 10.9% from the prior year. In June, motor gasoline stocks ended at 237.4 million barrels, down 1.4% from the prior month but up 7.4% from prior year. June’s motor gasoline stocks were the highest inventory level for the month of June for 32 years, since 1984.