EIA: PADD 2 Gasoline Stocks Down, Snapping 2-Wk Build


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- Midwest gasoline inventories dropped during the week 
ended June 19, breaking from two consecutive weeks of builds, data from the 
Energy Information Administration showed Wednesday.

   Stocks of distillate fuel oil and jet fuel, meanwhile, rose  in the PADD 2 
region, while inventories for crude oil registered declines as well during the 
week under review.

   Motor gasoline inventories in the PADD 2 region slid by 900,000 bbl on the 
week to 43.7 million bbl. On the year, PADD 2 gasoline stocks was down by 3.9 
million bbl from the 47.6 million bbl level seen during the corresponding week 
last year.

   Imports of gasoline into the region surged by 12,000 bpd on the week as they 
returned to the year-ago level of 13,000 bpd.

   Distillate fuel oil inventories in PADD 2 rose by 900,000 bbl on the week to 
27.2 million bbl. That build placed regional distillate inventories at 2.2 
million bbl higher than the 25 million bbl logged during the same week last 
year. Distillate imports averaged 5,000 bpd, down by 4,000 bpd on the week and 
by 8,000 bpd on the year.

   Jet fuel stocks were at 7.8 million bbl, down by 600,000 bbl from the week 
before and by 1.1 million bbl above the year-ago level. Imports remained at 
zero, unchanged on the week and year.

   Refinery inputs slid to 4.261 million bpd from 4.319 million bpd the week 
prior as regional utilization steadied at 100% versus the prior week's 101.24%.




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