EIA: PADD 1 Distillate Stocks Rebound From 1-Year Low


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- U.S. East Coast (PADD 1) distillate fuel oil 
inventories rebounded from a one-year low during the week ended June 26, while 
gasoline, jet fuel and crude oil inventories declined amid a sharp drop in 
refinery utilization, according to the U.S. Energy Information Administration's 
Weekly Petroleum Status Report released Wednesday.

   Distillate inventories on the East Coast, the primary storage region for 
heating oil and diesel, increased by 1.6 million bbl to 23 million bbl after 
dropping the previous week to their lowest level since June 27, 2025. 
Inventories were 1.5 million bbl above the 21.5 million bbl reported during the 
same week last year. East Coast distillate imports declined by 24,000 bpd to 
60,000 bpd from the previous week and were below the 99,000 bpd imported during 
the comparable week of 2025.

   Motor gasoline inventories in PADD 1 fell by 800,000 bbl to 57.2 million bbl 
during the reference week and remained 4.5 million bbl below the 61.7 million 
bbl recorded a year earlier. Gasoline imports into the region declined by 
179,000 bpd to 387,000 bpd and were down from 628,000 bpd in the same week last 
year.

   Jet fuel inventories declined by 500,000 bbl to 11.1 million bbl, leaving 
stocks 100,000 bbl below the 11.2 million bbl reported during the comparable 
week in 2025. East Coast jet fuel imports increased to 13,000 bpd from 6,000 
bpd the previous week but remained slightly below the 14,000 bpd imported a 
year earlier.

   Crude oil inventories on the East Coast declined by 600,000 bbl to 7.9 
million bbl during the week profiled and were 1 million bbl below year-ago 
levels. Crude imports into the region averaged 429,000 bpd, down from 540,000 
bpd the previous week and below the 960,000 bpd reported during the same week 
in 2025.

   Refinery utilization on the East Coast fell to 68.3% of operable capacity 
from 76.5% the previous week, while crude oil inputs declined by 77,000 bpd to 
617,000 bpd, EIA data showed.

    




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