EIA: PADD 2 Gasoline Stocks Rise, Bucking National Trend


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- Midwest (PADD 2) gasoline inventories increased in 
the week ended March 20, reversing the previous week's decline, while 
distillate stocks edged lower and crude oil inventories rose, according to U.S. 
Energy Information Administration data released Wednesday (3/25).

   Motor gasoline inventories in PADD 2 rose by 700,000 bbl to 59.5 million bbl 
on the week, EIA data showed and were above the 58.2 million bbl recorded in 
the corresponding week last year. Total motor gasoline imports averaged 2,000 
bpd, down 7,000 bpd from the prior week and below the 24,000 bpd imported in 
the same week of the prior year.

   Distillate fuel oil inventories in the Midwest declined by 300,000 bbl on 
the week to 29.3 million bbl and were 3 million bbl below the level reported in 
the same week of the prior year. Distillate fuel oil imports averaged 5,000 
bpd, down 1,000 bpd from the prior week and below the 6,000 bpd imported in the 
comparable week last year.

   Jet fuel inventories in PADD 2 increased by 200,000 bbl to 7.5 million bbl 
on the week and were 500,000 bbl below the volume recorded in the same week of 
the prior year. During the profiled week, PADD 2 jet fuel imports remained at 
zero bpd, unchanged week-over-week and year-over-year.

   Crude oil inventories in PADD 2 rose by 1.3 million bbl to 111.3 million bbl 
during the reference week and were 4 million bbl above volumes recorded in the 
corresponding week of the prior year. Crude oil imports into the Midwest 
averaged 2.938 million bpd during the reference week, compared with 2.944 
million bpd the prior week and 2.849 million bpd reported in the same week of 
the prior year.

   Refinery utilization in the Midwest increased to 91.6% of operable capacity 
from 90.9% the prior week and was above the 90.9% recorded in the same week of 
the prior year, according to EIA data.




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