US Crude Oil and Distillate Inventories Fell Last Week, Gasoline Rose, EIA Says

Crude stocks dropped 3.5 million barrels, while gasoline inventories increased 0.7 million barrels

Published on Feb. 4, 2026

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According to the Energy Information Administration (EIA), U.S. crude oil and distillate inventories declined in the week ending January 30, while gasoline inventories rose. Crude stocks fell by 3.5 million barrels to 420.3 million barrels, and distillate stockpiles dropped by 5.6 million barrels to 127.4 million barrels. However, gasoline inventories increased by 0.7 million barrels to 257.9 million barrels.

Why it matters

The changes in U.S. crude oil, distillate, and gasoline inventories are closely watched by energy markets as they provide insights into the supply and demand dynamics of the country's energy sector. These figures can influence oil and gas prices, which have a significant impact on consumers and businesses.

The details

According to the EIA report, crude inventories fell by 3.5 million barrels, exceeding analysts' expectations of a 489,000-barrel rise. Crude stocks at the Cushing, Oklahoma, delivery hub also declined by 743,000 barrels. Refinery crude runs fell by 180,000 barrels per day, and refinery utilization rates dropped by 0.4 percentage points to 90.5%. Meanwhile, gasoline inventories rose by 0.7 million barrels, lower than the expected 1.4 million-barrel build, and distillate stockpiles fell by 5.6 million barrels, more than the expected 2.3 million-barrel drop.

  • The data is for the week ending January 30, 2026.

The players

Energy Information Administration (EIA)

The EIA is the statistical and analytical agency within the U.S. Department of Energy that collects, analyzes, and disseminates independent and impartial energy information to promote sound policymaking, efficient markets, and public understanding of energy and its interaction with the economy and the environment.

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The takeaway

The changes in U.S. crude oil, distillate, and gasoline inventories reported by the EIA provide valuable insights into the current state of the country's energy sector. These figures can influence energy prices and have significant implications for consumers, businesses, and policymakers.