EIA: PADD 2 Gasoline Stocks Reach 11-Month High Last Week


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- Midwest (PADD 2) gasoline inventories reached an 
11-month high last week as regional supplies continued to outpace seasonal 
demand. Distillate stocks also increased, while jet fuel inventories edged 
lower, the Energy Information Administration said in data released Thursday 
(1/22).

   Total motor gasoline inventories in the PADD 2 region increased by 2.4 
million bbl to 58.9 million bbl during the week ended January 16. EIA data 
showed Midwest gasoline supplies reached their highest level since the week 
ended March 14, 2025, when inventories stood at 60 million bbl, placing current 
stocks near a 10-month high.

   The latest weekly gasoline balance also remained above 56.2 million bbl 
reported during the same week last year, reflecting continued seasonal demand 
softness and ample regional supply coverage. Retail prices remained firm  
despite the loose inventory structure, with Midwest gasoline averaging $2.648 
gallon during the week ended January 19, up 4.4cts on the week but still 
33.7cts below the year-ago level.

   Regional distillate fuel oil inventories in PADD 2 rose by 1.5 million bbl 
to 32.2 million bbl during the reported week. Despite the build, stocks 
remained below the 34.3 million bbl reported during the same week last year, as 
winter heating demand continued to pressure year-on-year balances. Midwest 
diesel prices strengthened alongside broader product markets, averaging $3.445 
gallon, up 8cts on the week but down 20.3cts from the same period last year.

   Jet fuel inventories in the Midwest rose by  200,000 bbl to 7.7 million bbl 
the prior week but above the 7.5 million bbl reported during the same week last 
year, indicating adequate supply following earlier seasonal draws.

   On the supply side, crude oil imports into the PADD 2 rose by 24,000 bpd to 
3.14 million bpd during the week ended January 16,  and it was 33,000 bpd 
higher than the volume reported the same week last year. Motor gasoline imports 
into the region dropped by 3,000 bpd to 7,000 bpd week-over- week and were 
34,000 bpd down compared to the same week of last year.  Distillate fuel oil 
and jet fuel imports into PADD 2 remained at zero for the week and on annual 
basis, EIA data showed.

    




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