Gasoline production by U.S. refiners and blenders has run near record levels over the first seven months of 2017, with four-week rolling average production well above its five-year average and close to the top of its five-year range. U.S. gasoline inventories also remain relatively high despite growing domestic and foreign demand.
Growth in U.S. gasoline production since March is the result of record-high refinery runs. For the week ending April 21, 2017, U.S. refinery runs exceeded 17.5 million barrels per day (b/d) for the first time since EIA began publishing the weekly data series in 1990. Refinery runs have since exceeded this threshold eight additional times, reaching an all-time high of 17.9 million b/d the week ending on August 4, 2017. In 2016 about 47% of the input to refineries was converted to motor gasoline.