EIA: PADD 3 Distillate Stocks Slip Near 3-Year Low


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- U.S. Gulf Coast (PADD 3) distillate fuel oil 
inventories declined during the week ended May 8, remaining near the lowest 
level in more than three years, while gasoline inventories fell, jet fuel 
balances increased, and crude oil stocks continued to move lower, according to 
data released Wednesday (5/13) by the U.S. Energy Information Administration.

   PADD 3 distillate fuel oil inventories, the feedstock for diesel, declined 
by 300,000 bbl to 39 million bbl in the profiled week and were below the 42.4 
million bbl recorded in the same week last year. Despite the decline, 
inventories remained slightly above the three-year low reached two weeks 
earlier, when stocks fell to 38 million bbl, the lowest level since the week 
ended March 17, 2023.

   Jet fuel inventories in PADD 3 increased by 1.8 million bbl to 16 million 
bbl during the reference week and were above the 13.6 million bbl reported in 
the comparable week last year. As a net exporter of distillate and jet fuel, 
PADD 3 does not report imports of those products.

   Motor gasoline inventories in PADD 3 declined by 700,000 bbl to 80.4 million 
bbl and were below the 84.1 million bbl reported in the same week last year. 
Motor gasoline imports into the Gulf Coast averaged 16,000 bpd last week, down 
by 70,000 bpd from the prior week, while no gasoline imports were recorded 
during the same week last year.

   Crude oil stocks in PADD 3 declined by 900,000 bbl week-over-week to 263.2 
million bbl and were above the 251.3 million bbl recorded in the same week of 
2025. Imports into the Gulf Coast fell by 49,000 bpd to 1.134 million bpd and 
were above the 810,000 bpd recorded in the comparable week last year.

   Refinery utilization on the Gulf Coast increased to 96.4% from 95.9% the 
previous week, while crude oil inputs increased by 130,000 bpd to 9.407 million 
bpd, EIA data showed.




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