Summary of Weekly Petroleum Data for the Week Ending December 29, 2006

U.S. crude oil refinery inputs averaged over 15.5 million barrels per day during
the week ending December 29, down 96,000 barrels per day from the previous
week's average.  Refineries operated at 91.0 percent of their operable capacity
last week.  Gasoline production declined slightly last week compared to the
previous week, averaging over 9.3 million barrels per day, while distillate fuel
production increased slightly, averaging 4.3 million barrels per day.

U.S. crude oil imports averaged over 10.1 million barrels per day last week, up
997,000 barrels per day from the previous week. Over the last four weeks, crude
oil imports have averaged over 9.4 million barrels per day, or 550,000 barrels
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 nearly 1.3 million barrels per day. Distillate
fuel imports averaged 385,000 barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic
Petroleum Reserve) declined by 1.3 million barrels compared to the previous
week.  However, at 319.7 million barrels, U.S. crude oil inventories remain
above the upper end of the average range for this time of year.  Total motor
gasoline inventories rose by 5.6 million barrels last week, and are in the
middle of the average range.  Distillate fuel inventories increased by 2.0
million barrels, and are in the upper half of the average range for this time of
year.  Increases were seen in both high-sulfur distillate fuel (heating oil)
inventories and diesel fuel inventories (a combination of ultra-low-sulfur and
low-sulfur).  Total commercial petroleum inventories rose by 1.8 million barrels
last week, and are 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 20.9
million barrels per day, or 3.0 percent less than averaged over the same period
last year.  Over the last four weeks, motor gasoline demand has averaged over
9.3 million barrels per day, or 0.5 percent above the same period last year. 
Distillate fuel demand has averaged nearly 4.3 million barrels per day over the
last four weeks, or 1.3 percent below the same period last year. Jet fuel demand
is down 8.1 percent over the last four weeks compared to the same four-week
period last year.