EIA: PADD 3 Gasoline, Distillate Stocks Down; Jet Fuel Up


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- U.S. Gulf Coast gasoline and distillate stocks 
declined last week while jet fuel inventories rose, Energy Information 
Administration data showed on Wednesday (3/4).

   Motor gasoline inventories in the PADD 3 region fell by 2.4 million bbl to 
87.2 million bbl during the week ended February 27, after being unchanged the 
prior week, the EIA's Weekly Petroleum Status Report showed. Year-on-year, 
gasoline stocks in the region were higher by 5.1 million bbl.

   PADD 3 gasoline imports rose by 1,000 bpd to 33,000 bpd last week and were 
18,000 bpd higher compared with the same week of last year.

   Distillate fuel oil inventories in the same region declined by 700,000 bbl 
to 48 million bbl during the week profiled and were 8.3 million higher than the 
volume reported in same period of last year, EIA data showed. 

   Jet fuel stocks in the Gulf Coast climbed by 700,00 bbl to 13.6 million but 
were 1.9 million bbl lower from a year ago.

   As a net exporter of distillates and jet fuel, PADD 3 does not report 
imports of those products. 

   Refining utilization in the Gulf Coast slid to 89.5% from 91.1% the prior 
week, according to EIA data.

   Crude imports (PADD 3)  rose by 210,000 bpd to 1.328 million bpd on the week 
and were 578,000 bpd -- or 77% -- higher year-on-year, due in part to 
increasing imports of Venezuelan crude into the region.

    




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