EIA: PADD 5, Gasoline Stocks Hit Nearly 3-Month Low
8/26 11:26 AM
EIA: PADD 5, Gasoline Stocks Hit Nearly 3-Month Low
Maria Eugenia Garcia
DTN Energy Editor
HOUSTON, TX (DTN) -- West Coast gasoline inventories fell to their lowest
level in nearly three, months, while jet fuel stockpiles climbed after a
seven-consecutive-week draw and distillates stocks dropped during the week
ended August 21, the U.S. Energy Information Administration (EIA) reported
Wednesday (8/26).
Motor gasoline stocks in the PADD 5 region dropped by 100,000 bbl to 26.4
million bbl during the referenced week, the EIA's Weekly Petroleum Status
Report showed. That was the lowest level since June 5 when it was 27.35 million
bbl. Year-over-year, the same product inventory was below the 30.2 million bbl
reported during the same week last year.
PADD 5 gasoline imports rose to 91,000 bpd compared to zero barrels reported
the prior week, but they were below 125,000 bpd recorded a year earlier.
Regional distillate fuel stockpiles fell by 400,000 bbl to 10.6 million bbl
from the prior week and were below levels from the same week of a year earlier.
Distillate imports in the same region rose by 14,000 bpd to 26,000 bpd on the
week, above the 9,000 bpd imported a year earlier.
Jet fuel stocks in PADD 5 rose by 500,000 bbl to 11.1 million bbl, following
a 7-week consecutive decline and they were below the previous year's level of
11.4 million bbl. Jet fuel imports in PADD 5 plummeted to 14,000 bpd from
75,000 bpd on a weekly basis and from the 72,000 bpd imported during the same
week last year.
Crude oil inventories in PADD 5 rose by 900,000 bbl to 44.4 million bbl
during the week profiled, above the 45 million bbl reported for the same week
of the prior year. Crude imports dipped to 826,000 bpd from 1.44 million bpd
last week; they were also below the 1.43 million bpd recorded a year earlier.
PADD 5 refiner crude inputs increased by 50,000 bpd on the week to 2.041
million bpd, down 190,000 bpd compared with the 2.231 million bpd reported a
year ago.
Regional refinery utilization rose to 93.7% from 92.2% the previous week,
EIA data showed.
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