EIA: PADD 3 Distillate Stocks Fall to 3-Year Low


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- U.S. Gulf Coast (PADD 3) distillate fuel oil 
inventories fell to a three-year low during the week ended April 24, as stocks 
declined alongside crude and gasoline inventories while jet fuel balances 
increased, data from the U.S. Energy Information Administration showed 
Wednesday (4/29).

   PADD 3 distillate fuel oil inventories, the feedstock for diesel, decreased 
by 1.4 million bbl to 38 million bbl in the profiled week. The current stock 
level is the lowest since the 37.7 million bbl balance reported for the week 
ended March 17, 2023.

   Jet fuel inventories in PADD 3 rose by 200,000 bbl to 14.8 million bbl 
during the reference week and were above the 12.7 million bbl reported in the 
same week last year.

   Motor gasoline inventories in PADD 3 dipped by 300,000 bbl to 80.9 million 
bbl and were below the 82.6 million bbl reported in the same week last year.

   Crude oil stocks in PADD 3 fell by 600,000 bbl week-over-week to 266.1 
million bbl and were above the 249.7 million bbl recorded in the same week of 
2025.

   Crude imports into the Gulf Coast rose by 120,000 bpd to 1.265 million bpd 
and were above the 955,000 bpd recorded in the comparable week last year.

   Refinery utilization on the Gulf Coast increased to 95.8% from 95.4% the 
previous week, with crude oil inputs rising by 7,000 bpd to 9.362 million bpd, 
EIA data showed.

    




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