EIA: PADD 2 Gasoline Stocks Up 2nd Week in Row, Crude Down


   
   SECAUCUS, NJ (DTN) -- Midwest gasoline inventories built higher during the 
week ended June 12, driven by a notable increase in regional refinery 
utilization, data from the Energy Information Administration showed Wednesday.

   Stocks of distillate fuel oil and jet fuel also built in the PADD 2 region, 
while inventories for crude oil registered declines during the week under 
review.

   Motor gasoline inventories in the PADD 2 region increased by 200,000 bbl on 
the week to 44.6 million bbl. On the year, PADD 2 gasoline stocks remained down 
by 2.6 million bbl from the 47.2 million bbl level seen during the 
corresponding week last year.

   Imports of gasoline into the region held steady at 1,000 bpd, unchanged from 
the prior week but down from 14,000 bpd a year ago.

   Distillate fuel oil inventories in PADD 2 rose by 1.0 million bbl on the 
week to 26.3 million bbl, according to the EIA data. That build placed regional 
distillate inventories 1.2 million bbl higher than the 25.1 million bbl logged 
during the same week last year.

   Distillate fuel oil imports averaged 9,000 bpd during the week ended June 
12, up 4,000 bpd from the prior week but 5,000 bpd lower than the prior year. 
Regional jet fuel inventories rose by 700,000 bbl to 8.1 million bbl, staying 
700,000 bbl above year-ago levels.

   PADD 2 jet fuel imports were flat at zero bpd, matching both the prior week 
and the year-ago marks.

   Meanwhile, crude oil stocks in the Midwest fell by 4.5 million bbl to 97.8 
million bbl, down 5.1 million bbl from the same week last year.

   Crude oil imports into the Midwest averaged 211,000 bpd during the reference 
week, down 157,000 bpd from the prior week and down 339,000 bpd from the 
year-ago level. Refinery inputs climbed to 4.319 million bpd from 4.205 million 
bpd the week prior as regional utilization hit 101.2%.

    




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