EIA: PADD 1 Distillates Hit 1-Year High as Gasoline Builds


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- East Coast (PADD 1) inventories for gasoline and jet 
fuel increased last week, while distillate stocks climbed to a one year high 
and crude oil inventories declined modestly in the week ended Jan. 16, 
according to U.S. Energy Information Administration data released Thursday 
(1/22).

   Regional distillate fuel oil inventories increased by 1.6 million bbl on the 
week to 33.8 million bbl, the highest level since the week ended Jan. 17, 2025. 
Despite the recent build, distillate stocks remained below 34.8 million bbl 
reported during the same period of the previous year, keeping the overall 
balance relatively tight. Retail diesel prices firmed, with East Coast diesel 
averaging $3.653 gallon as of Jan. 19, up 4cts on the week but standing 16.7cts 
below levels seen during the corresponding period of the previous year.

   Total motor gasoline inventories in PADD 1 rose by 4.0 million bbl to 63.2 
million bbl during the reference week. Stocks moved above 59.2 million bbl 
reported in the prior week and exceeded the 60.3 million bbl held during the 
corresponding week of the previous year. Retail gasoline prices also edged 
higher, with East Coast gasoline averaging $2.763 gallon in the week ended Jan. 
19, up 2.2cts on the week and 30.6cts below the comparable period of the 
previous year.

   Jet fuel inventories in the East Coast increased by 200,000 bbl to 9.1 
million bbl, compared with 8.9 million bbl the prior week, but remained below 
the 9.5 million bbl reported during the same week of the previous year, 
limiting near-term surplus availability.

   Crude oil inventories in PADD 1 declined by 300,000 bbl to 6.8 million bbl, 
down from 7.1 million bbl the previous week and below the 7.8 million bbl 
recorded during the same period of the previous year. Crude oil imports into 
the East Coast averaged 788,000 bpd during the reference week, rising from 
659,000 bpd in the prior report.

   Refined product imports into PADD 1 increased on the week. Motor gasoline 
imports averaged 381,000 bpd, up from 364,000 bpd in the prior report and above 
the 312,000 bpd recorded in the corresponding week of the previous year. 
Distillate fuel oil imports averaged 186,000 bpd, compared with 171,000 bpd the 
previous week but below the 214,000 bpd seen during the same period as the 
previous year. Jet fuel imports into the East Coast averaged 71,000 bpd, higher 
than the 64,000 bpd reported in the prior week but below the 82,000 bpd logged 
in the comparable week of the previous year.




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