EIA: PADD 5 Gasoline Stocks Dip After 4-Week Gain


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- 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 week ended July 4, 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.

   Jet fuel stocks in the West Coast increased by 400,000 bbl to 12.3 million 
bbl and were 800,000 bbl higher than a year earlier. Its imports increased by 
28,000 bpd to 75,000 bpd.

   U.S. West Coast crude oil inventories increased by 3 million bbl to 45.3 
million bbl during the profile week and were 4 million bbl lower than the same 
week last year, EIA data showed. Crude oil imports into PADD 5 declined by 
98,000 bpd to 910,000 bpd on the week and were 318,000 bpd lower than the same 
week last year.

   Refinery utilization in the PADD 5 region increased to 93.7% from 90.2% the 
prior week, according to EIA data.




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