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Posted March 4, 2015Today in Energy

U.S. crude oil storage capacity utilization now up to 60% ›

Crude oil inventory data for the week ending February 20 show that total utilization of crude oil storage capacity in the United States stands at approximately 60%, compared with 48% at the same time last year. Most U.S. crude oil stocks are held in the Midwest and Gulf Coast, where storage tanks were at 69% and 56% of capacity, respectively, as of February 20. This capacity use calculation reflects only crude oil stored in tanks or underground caverns at tank farms and refineries. More


Source: EIA, WPSR and Working and Net Available Crude Oil Storage Capacity

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Data Highlights

WTI crude oil futures price

3/3/2015: $50.52/bbl

up$1.24 from week earlier
down$54.40 from year earlier

Natural gas futures price

3/3/2015: $2.712/mmBtu

down$0.190 from week earlier
down$1.780 from year earlier

Retail heating oil price

3/2/2015: $3.289 /gal

up$0.103 from week earlier
down$0.937 from year earlier

Crude oil inventories

2/27/2015: 444.4 mmbbl

up10.3 mmbbl from week earlier
up80.6 mmbbl from year earlier

Weekly coal production

2/21/2015: 16.505 million tons

down2.679 million tons from week earlier
down2.529 million tons from year earlier

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