EIA: PADD 1 Distillates Ease but Hold Near 1-Year High


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- East Coast (PADD 1) inventories for gasoline and jet 
fuel increased last week, while distillate inventories declined modestly and 
crude oil stocks edged higher in the week ended January 9, according to U.S. 
Energy Information Administration data released Wednesday (1/14).

   Regional distillate fuel oil inventories slipped by 700,000 bbl on the week 
to 32.2 million bbl, easing from the prior report, but still holding near the 
highest level since the week ended Jan. 24, 2025.

   On an annual comparison though, distillate stocks were below the 35 million 
bbl reported in the same week of last year. Recent builds in distillates have 
pressured retail diesel prices lower. East Coast diesel averaged $3.613 gallon 
in the week ended Jan. 12, down by 1.7cts on the week. The lower year-on-year 
distillate stockpile kept East Coast diesel 10.5cts above the same period of 
last year as colder temperatures supported heating oil demand.

   Total motor gasoline inventories in PADD 1 rose by 3 million bbl to 59.2 
million bbl during the reference week. Despite the build, stocks remained below 
the 63.3 million bbl held in the same week last year, maintaining a 
comparatively tighter year-over-year balance. Retail gasoline prices continued 
to soften, with East Coast gasoline averaging $2.741 gallon in the week ended 
Jan. 12, down by 3.7cts on the week and 25.7cts below the same period last year.

   Jet fuel inventories in PADD 1 increased to 8.9 million bbl, up from 8.5 
million bbl the prior week but below the 10.1 million bbl reported in the same 
week last year, providing limited near-term supply relief following earlier 
seasonal draws.

   Crude oil inventories in PADD 1 increased to 7.1 million bbl, compared with 
6.9 million bbl the previous week, but remained below the 7.2 million bbl 
reported in the same week last year. Crude oil imports into the East Coast 
averaged 659,000 bpd during the reference week, higher than the 605,000 bpd 
reported the prior week and from the 4763,000 cited a year earlier.




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