EIA: PADD 5 Gasoline Stocks Fall 7th Consecutive Week


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- West Coast gasoline and jet fuel stocks tumbled last week 
while distillate inventories rose, Energy Information Administration data 
showed Wednesday (3/25).

   Motor gasoline inventories in the PADD 5 region fell for the seventh 
consecutive week, declining by 500,000 bbl to 26.9 million bbl, during the week 
ended March 20, the EIA's Weekly Petroleum Status Report showed. Year-on-year, 
gasoline stocks in the region were lower by 1.7 million bbl. PADD 5 gasoline 
imports fell by 4,000 bpd to 169,000 bpd last week and were 10,000 bpd lower 
compared with the same week last year.

   Distillate fuel oil inventories in the same region grew by 200,000 bbl to 
11.7 million bbl during the week profiled and were unchanged compared to the 
previous year, the EIA data showed. Its imports climbed by 1,000 bpd to 34,000 
bpd last week and were 33,000 bpd higher compared with the same week last year.

   Jet fuel stocks on the West Coast fell by 600,000 bbl to 11 million bbl but 
were 300,000 bbl lower from a year ago. PADD 5 jet fuel imports fell by 21,000 
bpd to 107,000 bpd last week and were 62,000 bpd higher compared with the same 
week year over year.

   Crude oil inventories in the region dropped by 1.6 million bbl to 43.9 
million bbl during the week ending March 20 and were 2.5 million bbl lower than 
the volume reported in the same period of last year. Crude imports in PADD 5 
climbed by 158,000 bpd to 1.108 million bpd on the week and were 175,000 bpd 
lower compared with the same week last year.




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