EIA: PADD 2 Gasoline Stocks Remains at 2-Year High


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- Midwest (PADD 2) gasoline inventories remained at a 
two-year high last week during the week ended February 20, while distillate 
stocks declined and crude oil balances increased, according to U.S. Energy 
Information Administration data released Thursday. 

   Motor gasoline inventories in PADD 2 increased by 300,000 bbl to 61.1 
million bbl during the reference week, keeping stocks at their highest level 
since the week ended February 02, 2024, when inventories reached 61.6 million 
bbl, EIA data showed. Compared with the corresponding week last year, gasoline 
inventories were up 900,000 bbl from 60.2 million bbl. Total motor gasoline 
imports averaged 2,000 bpd, down from 26,000 bpd the previous week and below 
22,000 bpd recorded in the corresponding week of the prior year. 

   Distillate fuel oil inventories in the Midwest fell by 500,000 bbl to 28.8 
million bbl on the week and were 5.9 million bbl below the 34.7 million bbl 
reported in the same week of the prior year. Distillate fuel oil imports 
averaged 4,000 bpd, down from 15,000 bpd the previous week and below 16,000 bpd 
reported in the same week of the prior year. 

   Jet fuel inventories in PADD 2 were flat on the week at 7.9 million bbl. 
Stocks were 200,000 bbl above volumes recorded in the same week of the prior 
year. Jet fuel imports were unchanged at zero bpd in line with the prior week. 

   Crude oil inventories in PADD 2 increased by 700,000 bbl to 107.2 million 
bbl during the profiled week and were 200,000 bbl below volumes recorded in the 
corresponding week of the prior year. Crude oil imports into the Midwest 
averaged 3.04 million bpd during the reference week, up from 2.942 million bpd 
the prior week and above 2.933 million bpd reported in the same week of the 
prior year. 

   Refinery utilization in the Midwest eased to 86.1% of operable capacity from 
94.9% the prior week.

    

    




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