EIA: PADD 2 Gasoline Near Lows Not Seen Since December


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- Midwest (PADD 2) gasoline inventories declined in the 
week ended April 17, extending the recent downward trend and falling to a new 
low for 2026, while distillate stocks also moved lower, jet fuel inventories 
increased, and crude oil inventories rose, according to U.S. Energy Information 
Administration data released Wednesday (4/22).

   Motor gasoline inventories in PADD 2 fell by 2.2 million bbl to 52.4 million 
bbl on the week, EIA data showed and were below the 53.6 million bbl recorded 
in the corresponding week last year. The latest level is the lowest since 
December of last year, when inventories stood at 49.4 million bbl. Total motor 
gasoline imports averaged 1,000 bpd, up from 0 bpd the prior week but below the 
16,000 bpd imported in the same week of the prior year.  

   Distillate fuel oil inventories in the Midwest declined by 1.5 million bbl 
on the week to 27.0 million bbl and were 100,000 bbl below the level reported 
in the same week of the prior year. Distillate fuel oil imports averaged 14,000 
bpd, up 5,000 bpd from the prior week and above the 5,000 bpd imported in the 
comparable week of last year.  

   Jet fuel inventories in PADD 2 increased by 100,000 bbl to 7.4 million bbl 
on the week and were slightly above the level recorded in the same week of the 
prior year. During the profiled week, PADD 2 jet fuel imports remained at zero 
bpd, unchanged week-over-week and year-over-year.  

   Crude oil inventories in PADD 2 increased by 1.4 million bbl to 113.8 
million bbl during the reference week and were 5.5 million bbl above volumes 
recorded in the corresponding week of the prior year. Crude oil imports into 
the Midwest averaged 2.794 million bpd during the reference week, compared with 
2.847 million bpd the prior week and 2.541 million bpd reported in the same 
week of the prior year.  

   Refinery utilization in the Midwest fell to 84.2% of operable capacity from 
84.8% the prior week and was below the 87.0% recorded in the same week of the 
prior year, according to EIA data.




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