EIA: PADD 3 Gasoline Stocks Rebound on Week


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- U.S. Gulf Coast gasoline inventories increased last week 
while distillate stocks posted a sharp build and jet fuel inventories declined 
in the week ended June 19, Energy Information Administration data showed on 
Wednesday (6/24).

Motor gasoline inventories in the PADD 3 region rebounded last week, climbing 
by 900,000 bbl to 78.7 million bbl during the week ended June 12 from 77.8 
million bbl the previous week, the EIA's Weekly Petroleum Status Report showed. 
Year-on-year, gasoline stocks in the region were 4.9 million bbl lower. The 
product's imports fell by 141,000 bpd to zero last week and were 41,000 bpd 
lower compared with the same week last year.

Distillate fuel oil inventories in the same region increased by 3 million bbl 
to 42.7 million bbl during the week profiled and were 600,000 bbl lower than 
the volume reported in the same period last year, EIA data showed. PADD 3 
reported no distillate imports during the reporting week.

Jet fuel stocks in the Gulf Coast declined by 800,000 bbl to 15.1 million bbl 
but were 1.1 million bbl higher than a year ago. As a net exporter of jet fuel, 
PADD 3 reported no jet fuel imports during the week ending June 19.

Crude oil inventories in PADD 3 declined by 4 million bbl to 239.8 million bbl 
and were 9.9 million bbl higher than the same week a year ago. Crude imports in 
PADD 3 increased by 159,000 bpd to 1.174 million bpd on the week and were 
70,000 bpd higher year-on-year.

Refining utilization in the Gulf Coast slipped to 96.2% from 96.7% the previous 
week, according to EIA data.




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