EIA: PADD 3 Gasoline Stocks at 4-Month Low


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) --- U.S. Gulf Coast gasoline fell to a four-month low 
last week while distillate stocks and jet fuel stocks also declined, Energy 
Information Administration (EIA) data showed on Wednesday (3/25).

   Motor gasoline inventories in the PADD 3 region fell on the week, declining 
by 1.5 million bbl to 83.7 million bbl during the week ended March 20, the 
EIA's Weekly Petroleum Status Report showed. That was the lowest level for PADD 
3 gasoline stocks since the week ended November 21, 2025, when inventories 
stood at 81.3 million bbl.Year-on-year, gasoline stocks in the region rose by 
1.7 million bbl.

   PADD 3 gasoline imports fell by 3,000 bpd to 23,000 last week and were 6,000 
bpd lower compared with the same week of last year.

   Distillate fuel oil inventories in the same region fell by 1.0 million bbl 
to 30.6 million bbl during the profiled week and were 2.3 million bbl higher 
than the volume reported in the same period of last year.

   Jet fuel stocks in the Gulf Coast slid 400,000 bbl to 14.3 million bbl and 
were 200,000 bbl higher from a year ago, EIA data showed.

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

   Refining utilization on the Gulf Coast grew to 96.7% during the week ended 
March 20, from 94.7% the prior week.

   Crude inventories in PADD 3 increased by 5.7 million bbl to 265.9 million 
bbl on the week and were 17 million bbl higher year-on-year. The total of oil 
imports for the Gulf fell by 875,000 bpd to 1.512 million bpd on the week and 
were 231,000 bpd lower from the same week last year.

    




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