EIA: PADD 2 Sees Weekly 2M Bbl Build in Distillate Stocks


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- Midwest (PADD 2) inventories for distillate fuel, 
gasoline, jet fuel and crude oil mostly increased in the week ending December 
5, U.S. Energy Information Administration data released Wednesday (12/10) 
showed.

   Regional distillate fuel oil inventories rose by 2 million bbl to 26.9 
million bbl, while remaining below the 28.3 million bbl reported in the same 
week last year. The region held 25.9 million bbl of ultra-low sulfur diesel, 
compared with 27.6 million bbl last year. With winter heating demand 
approaching its peak period in the Midwest, the recent builds offer some 
near-term cushion. However, stocks remain tight versus seasonal norms, keeping 
diesel prices sensitive to any supply disruptions or cold-weather swings.  PADD 
2 retail diesel averaged $3.635 gallon last week, 12cts higher than the same 
period last year.

   PADD 2 gasoline stocks posted a sizable increase, up by 2.8 million bbl to 
47.7 million bbl in the profiled week, compared with 46.3 million bbl in the 
same week last year. Motor gasoline blending component inventories also rose, 
up by 2.1 million bbl to 43.2 million bbl, versus 42.5 million bbl in the same 
week last year. Midwest gasoline imports averaged 20,000 bpd for the week, 
compared with 31,000 bpd same period previous year. PADD 2 retail gasoline 
averaged $2.762 gallon, 8cts below the same period last year.

   Jet fuel stockpiles in the Midwest posted a small decline, falling by 
300,000 bbl to 7.4 million bbl, slightly under the 7.6 million bbl level from 
the same week last year.

   Crude oil stockpiles in PADD 2 increased by 1 million bbl to 102 million 
bbl, compared with 105.0 million bbl in the same week last year. Regional crude 
imports climbed to 3.163 million bpd, compared with 2.740 million bpd the prior 
week.




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