EIA: PADD 3 Distillates Remain Near 3-Year Low


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- U.S. Gulf Coast (PADD 3) distillate fuel oil 
inventories declined during the week ended May 22, remaining near the lowest 
level in more than three years, while gasoline and jet fuel inventories 
increased and crude oil stocks held steady, according to data released 
Wednesday (5/27) by the U.S. Energy Information Administration.

   PADD 3 distillate fuel oil inventories, the feedstock for diesel, fell by 
1.3 million bbl to 40.3 million bbl in the profiled week and were below the 
43.8 million bbl recorded in the same week last year. Despite the decline, 
inventories remained above the 38 million bbl reported two weeks earlier, which 
marked the lowest level since the week ended March 17, 2023.

   Jet fuel inventories in PADD 3 increased by 1 million bbl to 15.4 million 
bbl during the reference week and were above the 13.4 million bbl reported in 
the comparable week last year. As a net exporter of distillate and jet fuel, 
PADD 3 does not report imports of those products.

   Motor gasoline inventories in PADD 3 increased by 1.5 million bbl to 81.1 
million bbl and were below the 84.9 million bbl reported in the same week last 
year. Motor gasoline imports into the Gulf Coast averaged zero bpd last week, 
unchanged from the prior week and below the 3,000 bpd recorded during the 
comparable week last year.

   Crude oil stocks in PADD 3 were unchanged week-over-week at 259.2 million 
bbl and remained above the 251.4 million bbl recorded in the same week of 2025. 
Imports into the Gulf Coast fell by 586,000 bpd to 963,000 bpd and were below 
the 1.645 million bpd recorded in the comparable week last year.

   Refinery utilization on the Gulf Coast increased to 98% from 97.2% the 
previous week, while crude oil inputs rose by 254,000 bpd to 9.595 million bpd, 
EIA data showed.

    




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