EIA: PADD 3 Gasoline Stocks Dip on Week, Jet Fuel Climbs


   
   SECAUCUS, NJ (DTN) -- U.S. Gulf Coast gasoline inventories dropped last week 
while distillate stocks held steady and jet fuel balances rose, the Energy 
Information Administration reported on Wednesday (7/1), citing data for the 
week ended June 26.

   Motor gasoline inventories in the PADD 3 region fell by 2.2 million bbl to 
76.5 million bbl during the reference week, the Weekly Petroleum Status Report 
data showed. Year-on-year, gasoline stocks in the region were 9.6 million bbl 
lower. The product's imports rose by 73,000 bpd from zero the prior week and 
were 57,000 bpd higher compared with the same week last year.

   Distillate fuel oil inventories in the same region were unchanged at 42.7 
million bbl during the week profiled. The inventories were also unchanged from 
the volume reported in the same period last year. PADD 3 reported no distillate 
imports during the reporting week.

   Weekly jet fuel stocks in the Gulf Coast rose by 1.7 million bbl to 16.8 
million bbl. Inventories for these were 1.8 million bbl higher than a year ago. 
PADD 3 reported zero jet fuel imports during the week ending June 26.

   Crude oil inventories in PADD 3 declined by 2.3 million bbl to 237.5 million 
bbl last week. The inventories were 2.6 million bbl higher than the same week a 
year ago. Crude imports in PADD 3 decreased by 367,000 bpd to 807,000 bpd on 
the week. The imports were 739,000 bpd lower year-on-year.

   Refiner use of crude in the Gulf Coast stood at 9.613 million bpd for last 
week, versus 9.4526 million the week prior and 9.261 million a year ago. The 
rate of utilization was at 98.1% compared with the prior week's 96.7% and the 
year-ago level of 95.2%.




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