EIA: PADD 2 Gasoline Stocks Slip 0.9M Bbl on Week


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- Midwest PADD 2 gasoline and distillate inventories 
fell while stockpiles of jet fuel and crude oil rose during the week ending 
October 31, U.S. Energy Information Administration data released Wednesday 
(11/5) showed.

   PADD 2 gasoline stocks fell 900,000 bbl to 42.5 million bbl in the profiled 
week, and were 1.8 million bbl lower than the level recorded in the same week 
last year. Gasoline imports dropped to 17,000 bpd from 21,000 bpd the prior 
week, compared with 1 million bpd in the same week last year.

   PADD 2 distillate inventories declined by 1.2 million bbl to 23.8 million 
bbl in the reference week, below the 26.3 million bbl recorded in the same week 
last year. The region reported no distillate imports, unchanged from the prior 
week and the same week last year.

   Midwest jet fuel inventories rose by 200,000 bbl last week to 6.9 million 
bbl. That was 400,000 bbl lower than the volume reported in the same week last 
year. The region continued to report zero imports of jet fuel on both a weekly 
and year-over-year basis.

   Crude oil inventories in PADD 2 rose by 800,000 bbl to 104.5 million bbl in 
the week ending October 31, compared with 106.7 million bbl reported during the 
same week last year.




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