Summary of Weekly Petroleum Data for the Week Ending March 16, 2007

U.S. crude oil refinery inputs averaged nearly 14.8 million barrels per day
during the week ending March 16, up 197,000 barrels per day from the previous
week's average. Refineries operated at 86.3 percent of their operable capacity
last week. Gasoline production increased slightly compared to the previous
week, averaging 8.8 million barrels per day, while distillate fuel production
increased more substantially, averaging over 4.1 million barrels per day.

U.S. crude oil imports averaged over 10.4 million barrels per day last week, up
616,000 barrels per day from the previous week. Over the last four weeks, crude
oil imports have averaged nearly 9.7 million barrels per day, or 200,000 barrels
per day 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 803,000 barrels per day. Distillate fuel imports
averaged 221,000 barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic
Petroleum Reserve) rose by 4.0 million barrels compared to the previous week.
At 329.3 million barrels, U.S. crude oil inventories are above the upper end of
the average range for this time of year. Total motor gasoline inventories
dropped by 3.4 million barrels last week, and are in the upper half of the
average range. Distillate fuel inventories declined by 1.7 million barrels, and
are near the upper end of the average range for this time of year. Most of the
decline was in diesel fuel inventories (the sum of ultra-low-sulfur and
low-sulfur), while high-sulfur distillate fuel (heating oil) inventories also
declined, but by a much smaller amount. Propane/propylene inventories fell by
1.8 million barrels last week. Total commercial petroleum inventories decreased
by 2.9 million barrels last week, and are in the upper half of the average range
for this time of year.

Total products supplied over the last four-week period has averaged over 21.3
million barrels per day, or 4.0 percent above the same period last year. Over
the last four weeks, motor gasoline demand has averaged nearly 9.2 million
barrels per day, or 2.1 percent above the same period last year. Distillate
fuel demand has averaged over 4.5 million barrels per day over the last four
weeks, or 3.0 percent above the same period last year. Jet fuel demand is up 4.5
percent over the last four weeks compared to the same four-week period last
year.