EIA: PADD 3 Gasoline Stocks Climb to a 5-Year High Last Wk
1/07 1:32 PM
EIA: PADD 3 Gasoline Stocks Climb to a 5-Year High Last Wk
Maria Eugenia Garcia
DTN Energy Editor
HOUSTON, TX (DTN) -- U.S. Gulf Coast (PADD 3) gasoline inventories continued
to build, reaching multi-year highs in the week ended January 2, while
distillate and jet fuel stocks remained high as well, according to Energy
Information Administration data released Wednesday (1/7).
Motor gasoline inventories in the Gulf Coast region rose by 2.3 million bbl
to 93.3 million bbl week-over-week. The highest build since January 24,2020
when it was at 95.781 million bbl, the same data showed. Gasoline stocks were
also 7.9 million bbl higher than the volume recorded in the same week of last
year.
The region saw zero gasoline imports and was flat week-over-week. However,
it was below 30,000 bpd recorded in the same week of 2025.
Jet fuel inventories on the Gulf Coast climbed by 1 million bbl to 16
million bbl on a weekly basis and were 2.9 million bbl above the same week of
the prior year.
Distillate fuel oil stocks in PADD 3 rose by 400,000 bbl to 50.1 million bbl
on a weekly basis. This was 9 million bbl increase year-over-year, the EIA
reported.
As a net exporter of distillates and jet fuel, USGC PADD 3 does not report
imports of those products.
The largest build in PADD 3 last week was due to an increase in refining
utilization in the reference week, as it was at 98.6% compared to 97.8% the
prior week.
Weak demand and ample supply fundamentals kept USGC fuel prices the most
competitive nationwide last week. Average retail gasoline prices in PADD 3
declined by 5.3cts from the previous week and were 42.1cts lower than the
national average of $2.811 gallon, according to EIA data released Tuesday
(12/30).
Diesel retail prices also fell by 3cts to average $3.184 gallon last week;
31.6cts below the nationwide average of $3.50 gallon.
Gulf Coast gasoline prices fell by 1.8cts to $2.372 gallon last week, which
was steeper than the national average price drop of 1.5cts to end at $2.796
gallon. Prices in the region continued their downward trade during the
traditional low driving season. On diesel, USGC PADD 3 retail prices also
declined by 1.2cts to $3.172 gallon last week, compared to the national average
of $3.477 gallon, according to EIA data.
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