EIA: PADD 3 Distillate Stocks Fall, Crude Hits 4-Month 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 June 12 while crude oil inventories 
extended their decline for a third consecutive week and fell to the lowest 
level in four months, according to data released Wednesday (6/17) by the U.S. 
Energy Information Administration.

   PADD 3 distillate fuel oil inventories, the feedstock for diesel, declined 
by 400,000 bbl to 39.7 million bbl during the profiled week from 40.1 million 
bbl the previous week. Inventories remained below the 44.3 million bbl reported 
during the same week last year and reached the lowest level since the week 
ended May 8, 2025, when stocks stood at 39 million bbl. Ultra-low sulfur 
distillate inventories increased by 300,000 bbl to 33.3 million bbl.

   Jet fuel inventories in PADD 3 increased by 200,000 bbl to 15.9 million bbl 
during the reference week and remained above the 14.3 million bbl reported 
during the comparable week last year. As a net exporter of distillate and jet 
fuel, the Gulf Coast reported essentially no imports of either product during 
the week.

   Motor gasoline inventories in PADD 3 declined by 2 million bbl to 77.8 
million bbl and remained below the 87.6 million bbl reported during the same 
week last year. The inventory level was the lowest since the week ended Nov. 7, 
2025, when gasoline stocks stood at 77.5 million bbl. Motor gasoline imports 
into the Gulf Coast averaged 141,000 bpd last week, up from 120,000 bpd the 
prior week and above the 31,000 bpd recorded during the comparable week last 
year.

   Crude oil stocks in PADD 3 declined by 4.8 million bbl to 243.8 million bbl 
during the reference week, reaching the lowest inventory level since the week 
ended Feb. 13, 2026, when stocks stood at 234.3 million bbl. Crude imports into 
the Gulf Coast declined by 31,000 bpd to 1.015 million bpd and remained 
slightly above the 997,000 bpd reported during the comparable week last year.

   Refinery utilization on the Gulf Coast declined to 96.2% from 97.4% the 
previous week, while crude oil inputs increased by 28,000 bpd to 9.429 million 
bpd, EIA data showed.

    




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