Crude oil storage and capacity have increased in Cushing, Oklahoma and U.S. Gulf Coast

Commercial crude oil inventories in Cushing, Oklahoma (located in PADD 2) and the U.S. Gulf Coast (PADD 3) totaled a record-high 309.4 million barrels as of the week ending November 27. Based on the recently released storage capacity and line fill data in the September Petroleum Supply Monthly, EIA estimates 70.2% utilization of working crude oil storage capacity in Cushing and the Gulf Coast on a combined basis, only slightly below the record utilization level of 71.2% set the week ending April 24 this year. More »