EIA: PADD 5 Gasoline Stocks Records 5th-Week Drop


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- U.S. West Coast (PADD 5) gasoline inventories fell for 
the fifth consecutive week, while distillates inventories increased and jet 
fuel stocks were unchanged in the week ended March 6, according to Energy 
Information Administration data released Wednesday (3/11).
Motor gasoline inventories in the West Coast region fell by 400,000 bbl to 28.3 
million bbl, up by 300,000 bbl compared to the same week last year. Gasoline 
imports in the region amounted to 189,000 bpd in the reference week compared to 
22,000 bpd last week, but higher by 102,000 bpd in the same week of the prior 
year.
Distillate fuel oil stocks in PADD 5 climbed by 300,000 bbl to 12 million bbl 
in the week ending March 6. Inventories of the same products were flat 
year-over-year. Distillate imports in the region were 20,000 bpd in the 
reference week compared to 1,000 bpd last week, still higher at 10,000 bpd the 
same week last year.
In contrast, jet fuel inventories on the West Coast were unchanged at 11.1 
million bbl on a weekly basis and were slightly lower year-over-year. Imports 
for jet fuel in the region were 44,000 bpd in the respective week compared to 
104,000 bpd last week, still lower by 47,000 bpd in the same week of the prior 
year.
Crude oil inventories in PADD 5 plummeted by 2.8 million bbl to 44.2 million 
bbl in the reference week. Inventories of the same products were 1.4 million 
bbl lower compared to the same week last year. Crude imports in the region 
amounted to 956,000 bpd in the reference week compared to 703,000 bpd last 
week, but they were lower by 153,000 bpd in the same week of the prior year. 
Refinery utilization in PADD 5 rose to 83.8% last week compared to 79.6% the 
previous week, EIA data showed.

    




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