Summary of Weekly Petroleum Data for the Week Ending June 1, 2007

U.S. crude oil refinery inputs averaged nearly 15.4 million barrels per day
during the week ending June 1, down 235,000 barrels per day from the previous
week's average. Refineries operated at 89.6 percent of their operable capacity
last week. Gasoline production dropped slightly compared to the previous week,
averaging over 9.2 million barrels per day, while distillate fuel production
also declined, averaging nearly 4.3 million barrels per day.

U.S. crude oil imports averaged over 10.2 million barrels per day last week, up
222,000 barrels per day from the previous week. Over the last four weeks, crude
oil imports have averaged nearly 10.4 million barrels per day, or 147,000
barrels per day more 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 1.5 million barrels per day. Distillate
fuel imports averaged 229,000 barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic
Petroleum Reserve) inched higher by 0.1 million barrels compared to the previous
week. At 342.3 million barrels, U.S. crude oil inventories are just above the
upper end of the average range for this time of year. Total motor gasoline
inventories climbed by 3.5 million barrels last week, but remain well below the
lower end of the average range. Distillate fuel inventories increased by 1.9
million barrels per day, and are just below the upper end of the average range
for this time of year. While heating oil (high-sulfur) inventories were
relatively unchanged, regular diesel fuel (low-sulfur) and ultra-low sulfur
diesel fuel inventories increased. Propane/propylene inventories rose by 1.6
million barrels last week. Total commercial petroleum inventories increased by
3.7 million barrels last week, and are in the middle 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 2.4 percent above the same period last year. Over
the last four weeks, motor gasoline demand has averaged nearly 9.5 million
barrels per day, or 1.5 percent above the same period last year. Distillate
fuel demand has averaged nearly 4.2 million barrels per day over the last four
weeks, up 2.6 percent compared to the same period last year. Jet fuel demand is
up 0.9 percent over the last four weeks compared to the same four-week period
last year.