Summary of Weekly Petroleum Data for the Week Ending December 1, 2006

U.S. crude oil refinery inputs averaged nearly 15.5 million barrels per day
during the week ending December 1, up 319,000 barrels per day from the previous
week's average. Refineries operated at 90.5 percent of their operable capacity
last week. Gasoline production increased last week compared to the previous
week, averaging nearly 9.2 million barrels per day, while distillate fuel
production also increased, averaging nearly 4.2 million barrels per day.

U.S. crude oil imports averaged 10.3 million barrels per day last week, up
541,000 barrels per day from the previous week. Over the last four weeks, crude
oil imports have averaged 10.0 million barrels per day, 229,000 less than
averaged over the same four-week period last year. Total motor gasoline imports
(including both finished gasoline and gasoline blending components) last week
averaged 877,000 barrels per day. Distillate fuel imports averaged 303,000
barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic
Petroleum Reserve) declined by 1.1 million barrels compared to the previous
week. At 339.7 million barrels, U.S. crude oil inventories remain well above
the upper end of the average range for this time of year. Total motor gasoline
inventories dropped by 1.1 million barrels last week, and are below the lower
end of the average range. Distillate fuel inventories inched lower by 0.4
million barrels, and are near the middle of the average range for this time of
year. A decline in high-sulfur distillate fuel (heating oil) inventories more
than compensated for a slight rise in diesel fuel inventories (a combination of
ultra-low-sulfur and low-sulfur). Total commercial petroleum inventories fell
by 4.2 million barrels last week, and are just above the upper end of the
average range for this time of year.

Total products supplied over the last four-week period has averaged nearly 21.0
million barrels per day, or 1.7 percent more than averaged over the same period
last year. Over the last four weeks, motor gasoline demand has averaged nearly
9.3 million barrels per day, or 1.6 percent above the same period last year.
Distillate fuel demand has averaged over 4.3 million barrels per day over the
last four weeks, or 6.6 percent above the same period last year. Jet fuel demand
is down 0.6 percent over the last four weeks compared to the same four-week
period last year.