MARKETWIRE ALERTS
Maria Eugenia Garcia
DTN Energy Editor
MARKETWIRE ALERTS
MarketWire Afternoon News July 15th:
Updated at 6:18 PM ET
HEADLINES
-- Analysis: EIA: Gulf Coast Gasoline Stocks Dwindle Rapidly
-- EIA: PADD 2 Gasoline, Distillate and Jet Stocks All Build
-- EIA: PADD 1 Distillate Stocks Up as Runs Rise, Gasoline DN
-- EIA: PADD 5 Gasoline Stocks Rebound on Week
-- EIA: PADD 3 Gasoline Stocks at 8-Year Low
-- EIA: Gasoline Stocks Hit 8-Month Low; Crude Falls
-- EIA: Propane/Propylene Stocks Expand, Rise 19.3% on Year
-- EIA: U.S. Ethanol Stocks Rise, Up 3.2% Year-on-Year
-- Chicago Fed: Economic Activity Rises Modestly
-- BLS: PPI Cools to 5.5% Y-o-Y in June as Goods Prices Drop
NEWS:Analysis: EIA: Gulf Coast Gasoline Stocks Dwindle Rapidly
Gasoline inventories on the U.S. Gulf Coast fell by 900,000 bbl to an
eight-year-low 75.5 million bbl last week, U.S. Energy Information
Administration data released Wednesday (7/15) showed.
Stockpiles have dwindled nationwide much more rapidly than in previous
years, and nowhere faster than in the country's main refining and export hub.
Total gasoline stocks in PADD 3 have, over the last six weeks alone, shrunk
by 5.81 million bbl, or at an average rate of 138,000 bpd, twice as fast as the
typical seasonal pace. Higher exports, rising domestic demand and refiners
maximizing other product yields at the expense of gasoline output continued to
draw down inventories, which started at already unusually low levels for the
time of year.
In fact, during April and the first half of May, a period when refiners ramp
up operations to meet peak driving demand months later, thus leading to a
gasoline overhang and rising inventories, stockpiles plummeted in an
unprecedented fashion. During the reference period, gasoline inventories in the
region fell at an average pace of 208,000 bpd.
Refined product and crude oil exports have, along with the Middle East
supply disruption, eased from recent record highs. Given the recent escalation
in the region, however, global fuels supply may now face renewed headwinds,
ensuring a continuation of the very trends that have led to the rapid decline
in gasoline inventories.
Current inventory levels on the Gulf Coast are now nearly 11% below their
five-year seasonal average, more than 9% below the ten-year average, and
trailing year-ago levels by almost 12%. While still enough to ensure
operations, the scale of inventory depletion is conducive to margins along the
downstream supply chain, keeping the gap between prices at the pump and crude
oil prices unusually wide.
However, inventories are likely to shrink further as we head into main
hurricane season, carrying an elevated risk of supply shortages and price
spikes.
EIA: PADD 2 Gasoline, Distillate and Jet Stocks All Build
Midwest gasoline, distillate and jet fuel inventories increased last week,
while crude oil stocks held steady, the Energy Information Administration (EIA)
reported Wednesday (7/15).
The latest weekly data covers petroleum supply and demand balances across
the region for the week ended July 10.
Motor gasoline inventories in the PADD 2 region built by 400,000 bbl on the
week to 44.7 million bbl, according to the EIA. Regional gasoline stocks fell
by 1.9 million bbl from the 46.6 million bbl recorded during the corresponding
week last year.
Weekly imports of gasoline into the Midwest fell by 4,000 bpd on the week to
average 12,000 bpd during the current reporting period. This inbound volume
fell by 3,000 bpd from the year-ago level of 15,000 bpd recorded during the
same week last year.
Distillate fuel oil inventories in the PADD 2 region rose by 600,000 bbl on
the week to reach a total of 28.9 million bbl. That weekly build placed
regional distillate inventories 2.9 million bbl higher than the 26.0 million
bbl logged during the corresponding week last year.
Distillate imports into the Midwest averaged 4,000 bpd, up by 1,000 bpd on
the week but down by 2,000 bpd from the prior year. This inbound volume
compared to 6,000 bpd imported during the corresponding week last year.
Jet fuel stocks rose by 400,000 bbl from the prior week to 7.3 million bbl,
standing 500,000 bbl above the previous year's level.
Crude oil inventories remained unchanged on the week at 97.9 million bbl,
which is 3.6 million bbl lower than last year's level. Crude imports into the
PADD 2 region decreased by 299,000 bpd on the week to average 2,663,000 bpd,
according to latest EIA data.
This inbound crude oil volume was 6,000 bpd lower than the 2,669,000 bpd
reported by the agency during the corresponding week last year.
Refiner use of crude in the Midwest stood at 4.224 million bpd last week,
versus 4.280 million the week prior and 4.079 million a year ago. The regional
utilization rate fell to 99.1% versus the prior week's 100.3% but remained
above the year-ago level of 96.2%.
EIA: PADD 1 Distillate Stocks Up as Runs Rise, Gasoline DN
Distillate inventories in the U.S. East Coast rose during the week ended
July 10, along with jet fuel and crude oil balances, while gasoline stocks
continued to fall, the U.S. Energy Information Administration (EIA) reported
Wednesday (7/15).
Distillate inventories on the East Coast increased by 1.3 million bbl to
22.6 million bbl, leaving regional stocks 1.0 million bbl below comparable
year-ago levels, the EIA's Weekly Petroleum Status Report showed.
East Coast distillate imports decreased by 18,000 bpd to 49,000 bpd from the
previous week and were down from the 133,000 bpd imported during the same week
of 2025.
Motor gasoline inventories in PADD 1 fell by 1.5 million bbl to 54.1 million
bbl and remained 9.0 million bbl below the 63.1 million bbl recorded a year
earlier. Gasoline imports into the region declined by 60,000 bpd to 232,000 bpd
and were down from 414,000 bpd reported in the same week last year.
Jet fuel inventories increased by 1.1 million bbl to 12.4 million bbl,
leaving stocks 800,000 bbl above the 11.6 million bbl reported during the
comparable week in 2025. East Coast jet fuel imports increased to 112,000 bpd
from 95,000 bpd the previous week, compared to imports of 64,000 bpd recorded a
year earlier.
Crude oil inventories on the East Coast fell by 300,000 bbl to 8.0 million
bbl and remained 1.4 million bbl below their comparable year-ago levels. Crude
imports into PADD 1 averaged 382,000 bpd, up from 338,000 bpd the previous week
but below the 844,000 bpd reported during the same week of 2025.
Refinery utilization on the East Coast rose to 85.0% of operable capacity
from 78.4% the previous week and 89.9% in the prior year.
Crude oil inputs increased by 55,000 bpd to 780,000 bpd during the reference
week, compared to the 817,000 bpd recorded during the same week last year.
EIA: PADD 3 Gasoline Stocks at 8-Year Low
U.S. Gulf Coast (PADD 3) gasoline inventories fell to their lowest level in
nearly eight years during the week ended July 10, while distillate fuel
inventories increased, jet fuel stocks rose and crude oil inventories remained
near five-month lows, according to the U.S. Energy Information Administration's
Weekly Petroleum Status Report released Wednesday.
Motor gasoline inventories in the PADD 3 region fell by 900,000 bbl to 75.5
million bbl during the reference week, the lowest level since the week ended
September 22, 2017, when stocks stood at 74.2 million bbl. Inventories were 9
million bbl below the same week last year. Gasoline imports into the Gulf Coast
averaged 29,000 bpd, down from 59,000 bpd the previous week but above the
11,000 bpd reported during the comparable week of 2025.
Distillate fuel oil inventories, the feedstock for diesel, increased by 2
million bbl to 45.9 million bbl during the profiled week. Despite the build,
inventories remained near historically tight seasonal levels and were the
lowest for this time of year since the week ended May 8, when stocks stood at
39 million bbl. Inventories were 2.7 million bbl above the same week last year.
As a net exporter of distillate fuel, PADD 3 reported no distillate imports
during the reporting week.
Jet fuel inventories increased by 500,000 bbl to 17.1 million bbl during the
reference week and were 2.2 million bbl above the same week last year. As a net
exporter of jet fuel, the Gulf Coast reported no imports of the product during
the reporting week.
Crude oil inventories in PADD 3 fell by 1.3 million bbl to 235.9 million
bbl, the lowest level since the week ended February 27, 2026. Inventories were
4.9 million bbl below the same week last year. Crude oil imports into the Gulf
Coast averaged 846,000 bpd, up from 841,000 bpd the previous week but below the
1.251 million bpd reported during the comparable week last year.
Refinery utilization on the Gulf Coast increased to 97.1% of operable
capacity from 96.5% the previous week, while crude oil inputs into refineries
averaged 9.507 million bpd, up from 9.401 million bpd the week before, EIA data
showed.
EIA: PADD 5 Gasoline Stocks Rebound on Week
U.S. West Coast gasoline inventories rebounded last week while distillate
and jet fuel stocks declined in the week ended July 10, Energy Information
Administration data showed Wednesday (7/15).
Motor gasoline inventories in the PADD 5 region rebounded after declining the
previous week, climbing by 500,000 bbl to 29.4 million bbl during the week
ended July 10, the EIA's Weekly Petroleum Status Report showed. Year-on-year,
gasoline stocks in the region were 1.8 million bbl lower. PADD 5 gasoline
imports slipped by 5,000 bpd to 100,000 bpd last week and were 44,000 bpd lower
compared with the same week a year earlier.
Distillate fuel oil inventories in the region declined by 200,000 bbl to 10.9
million bbl during the week profiled but were 400,000 bbl higher than the
volume reported during the same period last year, EIA data showed. Jet fuel
stocks on the West Coast fell by 200,000 bbl to 12.1 million bbl but were
600,000 bbl higher than a year ago.
PADD 5 reported no jet fuel imports during the week. Distillate imports
increased to 27,000 bpd from 4,000 bpd the prior week and were 21,000 bpd
higher than the same week last year.
Crude oil inventories in PADD 5 grew by 800,000 bbl to 46.1 million bbl during
the reporting week but were 2.5 million bbl lower than the same week last year.
Crude imports increased by 29,000 bpd to 939,000 bpd and were 283,000 bpd lower
compared with the same week a year earlier.
Refinery utilization on the West Coast slipped to 90.2% from 91.0% the
previous week, according to EIA data.
EIA: Gasoline Stocks Hit 8-Month Low; Crude Falls
U.S. commercial crude oil inventories declined during the week ended July 10
after rising the previous week, while gasoline inventories dropped to their
lowest level in nearly eight months, according to Energy Information
Administration data released Wednesday. Distillate fuel and jet fuel
inventories increased.
Commercial crude oil inventories fell by 1.7 million bbl to 409.7 million
bbl during the profiled week, the lowest inventory level since the week ended
June 26, when stocks stood at 408.4 million bbl. Inventories remained 16.2
million bbl, or 3.8%, below the same week last year. Crude oil imports averaged
5.689 million bpd in the profiled week, up by 60,000 bpd from the previous
week. Over the last four weeks, crude imports averaged 5.622 million bpd, down
8.6% from the same period last year. Crude oil exports averaged 3.721 million
bpd last week, up from 3.262 million bpd the previous week and above the 3.314
million bpd reported during the comparable week last year.
Total motor gasoline inventories fell by 1.6 million bbl to 210.5 million
bbl during the week profiled, the lowest level since the week ended Nov. 21,
2025, when stocks stood at 209.9 million bbl. Inventories were down 18.3
million bbl, or 8%, from the same week last year. Gasoline imports averaged
552,000 bpd compared with 423,000 bpd the previous week and 907,000 bpd a year
earlier. Gasoline exports averaged 852,000 bpd versus 1.026 million bpd the
previous week and 909,000 bpd during the comparable week last year.
Distillate fuel inventories increased by 4.6 million bbl to 108.2 million
bbl during the reference week and were 4.6 million bbl, or 4.4%, above the same
week last year. Distillate imports averaged 136,000 bpd compared with 87,000
bpd the previous week and 56,000 bpd a year earlier. Distillate exports
averaged 1.143 million bpd versus 1.679 million bpd the previous week and 1.393
million bpd during the comparable week last year.
Jet fuel inventories increased by 800,000 bbl to 48.4 million bbl last week
and were 3.5 million bbl, or 7.8%, above the same week last year. Jet fuel
imports averaged 112,000 bpd compared with 95,000 bpd the previous week and
95,000 bpd a year earlier. Jet fuel exports averaged 301,000 bpd versus 295,000
bpd the previous week and 250,000 bpd during the comparable week last year.
Refinery utilization increased to 96.2% of operable capacity last week from
95.8% the previous week. Crude oil inputs into refineries averaged 17.123
million bpd, up by 99,000 bpd from the previous week's 17.024 million bpd, EIA
data showed.
Total products supplied over the last four weeks averaged 20.454 million
bpd, down 0.4% from the same period last year. Gasoline demand averaged 8.976
million bpd, down 2.3% from the comparable four-week period of 2025, while
distillate demand averaged 3.664 million bpd, down 1.1% from the previous year.
Jet fuel demand averaged 1.901 million bpd, up 4.7% from the same four-week
period last year.
EIA: Propane/Propylene Stocks Expand, Rise 19.3% on Year
The Energy Information Administration reported on Wednesday(7/15) total
domestic propane/propylene stocks of 93.489 million bbl in the week ending July
10, up 3.028 million bbl week-on-week and 15.104 million bbl, or 19.3% higher
than in the same week last year.
Data show propane/propylene exports last week averaged 1.988 million bpd, down
628,000 bpd week-on-week and 528,000 bpd, or 36.2%, higher than in the same
week last year.
Implied demand for propane/propylene in the United States averaged 563,000 bpd,
up 38,000 bpd week-on-week and 467,000 bpd, or 45.3% lower than in the same
week last year.
EIA reports domestic propane/propylene production averaged 2.91 million bpd,
down 14,000 bpd week-on-week and 112,000 bpd, or 4% higher than in the same
week last year.
East Coast PADD 1 inventories ended the week at 7.278 million bbl, down 259,000
bbl week-on-week and 841,000 bbl, or 13.1% higher than in the same week last
year.
Midwest PADD 2 inventories ended the week at 22.934 million bbl, up 867,000 bbl
week-on-week and 3.088 million bbl, or 15.6% higher than in the same week last
year.
Gulf Coast PADD 3 inventories ended the week at 58.976 million bbl, up 2.076
million bbl week-on-week and 10.922 million bbl, or 22.7% higher than in the
same week last year.
Combined inventories in the Rockies and the West Coast, PADD 4 and 5, ended the
week at 4.302 million bbl, up 344,000 bbl week-on-week and 254,000 bbl, or 6.3%
higher than in the same week last year.
EIA: U.S. Ethanol Stocks Rise, Up 3.2% Year-on-Year
The Energy Information Administration reported on Wednesday (7/15) that
overall ethanol production in the United States averaged 1.04 million bpd in
the week ending July 10, down 53,000 bpd week-on-week and 47,000 bpd, or 4.3%
lower than in the same week last year. Four-week average output at 1.085
million bpd was 3,000 bpd above the same four weeks last year.
Midwest ethanol production averaged 976,000 bpd, down 56,000 bpd week-on-week
and 52,000 bpd, or 5.1% lower than in the same week last year. Four-week
average output at 1.024 million bpd in line with year-ago levels.
Ethanol blending activity in the U.S. averaged 906,000 bpd, up 5,000 bpd
week-on-week and 26,000 bpd, or 3% higher than in the same week last year.
Four-week average blending demand at 913,000 bpd was 8,000 bpd above the same
four weeks last year.
Blender inputs at the East Coast were up 5,000 bpd on the week while inputs in
the Midwest were down 6,000 bpd, up 12,000 bpd on the Gulf Coast and down 5,000
bpd on the West Coast.
Domestic ethanol inventories ended the week at 24.391 million bbl, up 463,000
bbl week-on-week and 756,000 bbl, or 3.2% higher than in the same week last
year.
East Coast PADD 1 inventories ended the week at 6.486 million bbl, up 28,000
bbl week-on-week and 648,000 bbl, or 9.1% lower than in the same week last year.
Midwest PADD 2 inventories ended the week at 9.972 million bbl, down 55,000 bbl
week-on-week and 111,000 bbl, or 1.1% higher than in the same week last year.
Gulf Coast PADD 3 inventories ended the week at 5.323 million bbl, up 313,000
bbl week-on-week and 1.301 million bbl, or 32.3% higher than in the same week
last year.
West Coast PADD 5 inventories ended the week at 2.289 million bbl, up 183,000
bbl week-on-week and 28,000 bbl, or 1.2% lower than in the same week last year.
Chicago Fed: Economic Activity Rises Modestly
Economic activity in the Federal Reserve's Seventh District, which includes
Illinois, Indiana, Michigan, Wisconsin and Iowa, increased modestly in late May
and June, according to the July Beige Book released by the Federal Reserve Bank
of Chicago on Wednesday (7/15).
Manufacturing demand increased moderately during the reporting period, with
machinery sales rising strongly across several sectors, including defense and
data center construction. Primary metals demand also increased slightly,
supported by sales to the defense sector and data center builders, while heavy
truck production increased slightly and auto industry demand was flat overall.
According to the same report, business spending increased slightly in late
May and June, with capital expenditures ticking higher as companies invested in
new buildings, equipment and software. Demand for truck transportation also
increased slightly, while freight rates rose amid elevated fuel prices.
In the agricultural sector, contacts said expectations for 2026 farm income
deteriorated as crop prices weakened and most livestock prices were flat. Corn,
soybean and wheat prices all declined during the reporting period, while
fertilizer and fuel prices dropped as transportation blockages eased in the
Middle East.
Across the district, contacts reported moderate increases in producer
prices, driven by higher costs for energy, shipping, and raw materials such as
chemicals and plastics, with many contacts linking the increases to the
conflict in the Middle East. Wages increased modestly, while benefits costs
rose at a moderate pace.
BLS: PPI Cools to 5.5% Y-o-Y in June as Goods Prices Drop
U.S. wholesale prices rose 5.5% for the 12 months ended in June as
inflationary pressures cooled, the U.S. Bureau of Labor Statistics reported
Wednesday (7/15).
The annual increase follows a higher rate in the previous month, reflecting
a broader deceleration in the cost of raw materials and wholesale production
inputs.
On a monthly basis, the Producer Price Index (PPI) for final demand fell
0.3% in June, effectively reversing a revised 0.6% increase recorded in May.
The June decline in wholesale inflation was entirely driven by prices for final
demand goods, which dropped 1.4% to mark their largest single-month decrease
since July 2022.
Leading the sharp drop in goods, wholesale energy costs plunged 6.4% during
the month, while the index for final demand foods moved down by 0.6%.
Meanwhile, prices for final demand services moved slightly higher, tracking a
modest 0.2% increase in June after an initial drop of 0.1% in the prior month.
Nearly two-thirds of the monthly decline in goods was traced to a 12.0%
plunge in gasoline prices, while wholesale diesel fuel and jet fuel costs also
fell. Conversely, margins for fuels and lubricants retailing jumped 13.0%
during the month, offsetting some of the downward pressure across the broader
wholesale service business categories.
Core wholesale prices, which strip out volatile food, energy, and trade
services, edged up 0.1% in June after a much larger 0.8% jump in May. On a
12-month basis, core PPI increased 5.1% in June, exactly matching the annual
gain from the prior month as core wholesale inflation trended flat.
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