EIA: PADD 3 Gasoline Inventory Reaches Multi-Month High


   
Maria Eugenia Garcia
DTN Managing Editor

   HOUSTON, TX (DTN) -- U.S. Gulf Coast (PADD 3) gasoline inventories continued 
climbing and hitting multi-month highs last week amid builds in distillate and 
jet fuel stocks, according to Energy Information Administration data released 
late Monday (12/29).

   Motor gasoline inventories in the Gulf Coast region amounted to 91 million 
bbl during the week ended December 26, a 2.9 million bbl increase from prior 
week to reach an 11-month high for the second consecutive week. This was the 
highest build since January 24 when it was at 91.617 million, the same data 
showed. Gasoline stocks were also 4.6 million bbl higher than the volume 
recorded in the same week last year.

   The region saw zero imports in the reference week, compared to 22,000 bpd 
the prior week and 48,000 bpd in the same week of 2024.

   Distillate fuel oil stocks in PADD 3 climbed by 1.2 million bbl to 49.7 
million bbl on a weekly basis. This represented a 10 million bbl increase 
year-over-year, the EIA reported.

   In contrast, jet fuel inventories on the Gulf Coast increased by 800,000 bbl 
to 15 million bbl on a weekly basis and 2.5 million bbl above the same week of 
the prior year.

   As a net exporter of distillates, gasoline and jet fuel, USGC PADD 3 does 
not report imports of those products.

   The largest build in PADD 3 last week was driven by higher refining 
utilization in the reference week, when it reached 97.8% compared to 97.1% the 
prior week.

   Weak demand and ample supply fundamentals kept USGC fuel prices the most 
competitive nationwide last week. Average retail gasoline prices in PADD 3 
declined by 5.3cts from the previous week and were 42.1cts lower than the 
national average of $2.811 gallon, according to EIA data released Tuesday 
(12/30).

   Diesel retail prices also fell by 3cts to average $3.184 gallon last week; 
31.6cts below the nationwide average of $3.50 gallon.




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