USWC Weekly: ULSD Spot Prices Climb 9% Amid Tight Supplies
Maria Eugenia Garcia
DTN Energy Editor
HOUSTON TX (DTN) -- U.S. West Coast ultra-low sulfur diesel spot prices
closed with steep increases the week ending July 10, followed by gasoline, amid
tight supplies. However, jet fuel spot prices showed weekly increases despite a
build of stocks last week.
Los Angeles ULSD spot values strengthened by 29.86cts, or 9.18% to $3.5503
gallon. This was 43.48% higher than the same week last year. Diesel prices in
San Francisco rose almost 29cts to $3.4748 gallon, up 33.46% than the previous
year.
Meanwhile, Los Angeles CARBOB spot prices rose 5.04cts to $3.2693 gallon in
the week ending July 10, an increase of 46.47% on a yearly basis.
Jet fuel spot prices averaged $3.2938 in Los Angeles and San Francisco, an
increase of 7.62% and 6.88%, respectively, week-over-week. These were 35.59%
higher than the price reported in the same week of last year for both markets.
U.S. West Coast gasoline and distillate inventories declined last week while
jet fuel stocks increased in the week ended July 4, Energy Information
Administration data showed Wednesday (7/8).
Motor gasoline inventories in the PADD 5 region slipped by 300,000 bbl to
28.9 million bbl during the profiled week, ending a four-week streak of
inventory increases, the EIA's Weekly Petroleum Status Report showed.
Year-on-year, gasoline stocks were 1.5 million bbl lower. PADD 5 gasoline
imports fell by 60,000 bpd to 105,000 bpd last week and were 7,000 bpd lower
compared with the same week last year.
Distillate fuel oil inventories in the region declined by 500,000 bbl to
11.1 million bbl during the week profiled and were 200,000 bbl higher than the
volume reported in the same period last year, EIA data showed. PADD 5
distillate imports fell by 13,000 bpd to 4,000 bpd during the week.
In contrast, jet fuel stocks on the West Coast rose by 400,000 bbl to 12.3
million bbl and were 800,000 bbl higher than a year earlier. Jet fuel imports
increased by 28,000 bpd to 75,000 bpd.
On refining news, PBF Energy reported an unplanned flaring event at its
166,000 bpd Torrance, California refinery on Wednesday (7/8). The refinery has
experienced multiple flaring events this year tied to both planned maintenance
activity and operational disruptions.
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