EIA: PADD 1 Gasoline Up 2.3M Bbl on Week


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- East Coast inventories of gasoline and distillate 
fuel oil increased in the week ending December 12, while regional jet fuel 
stocks and crude oil inventories declined, U.S. Energy Information 
Administration data released Wednesday (12/17) showed.

   PADD 1 gasoline stocks rose by 2.3 million bbl to 51.9 million bbl in the 
profiled week but remained below the 55.7 million bbl reported in the same week 
last year. Motor gasoline blending component inventories also increased, rising 
by 2 million bbl to 49.2 million bbl, compared with 52.9 million bbl a year 
earlier.

   The combination of higher finished gasoline and blending component stocks 
indicates improved supply availability on the East Coast, though total gasoline 
inventories remain below levels from a year earlier. That suggests that 
balances are still tighter than last winter despite the weekly build.

   Jet fuel inventories on the East Coast declined by 700,000 bbl to 9.1 
million bbl, remaining below the 9.9 million bbl held in the same week last 
year. The draw leaves PADD 1 jet fuel stocks near the lower end of their recent 
range, with inventories continuing to lag levels from a year earlier despite 
relatively stable supply conditions. That persistent year-over-year deficit 
highlights the limited cushion in East Coast jet fuel inventories compared with 
other refined products.

   Regional distillate fuel oil inventories increased by 1.7 million bbl to 
30.4 million bbl, but remained well below the 35.8 million bbl reported in the 
same week last year. The region held 29.2 million bbl of ultra-low sulfur 
diesel, compared with 34.4 million bbl a year earlier. Even with the larger 
weekly build, East Coast distillate inventories remain historically tight, 
underscoring limited buffer heading deeper into the winter demand period.

   Crude oil inventories in PADD 1 stood at 7.8 million bbl, down 100,000 bbl 
on the week, and compared with 7.5 million bbl in the same week last year.




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