EIA: PADD 5 Gasoline Stocks Rise Fourth Consecutive Week


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- U.S. West Coast gasoline stocks increased while 
distillate was unchanged and jet fuel inventories declined in the week ending 
April 10, Energy Information Administration data showed Wednesday (4/15).

   U.S. West Coast gasoline stocks are making a rebound after a seven-week 
decline, climbing by 200,000 bbl to 28.3 million bbl in the week ending April 
10 after rising the prior week, the EIA's Weekly Petroleum Status Report 
showed. Year-on-year, gasoline inventories in the region were higher by 800,000 
bbl. PADD 5 gasoline imports dropped by 140,000 bpd to 232,000 bpd last week 
and were 180,000 bpd higher compared with the same week last year.

   Distillate fuel oil inventories in the same region were unchanged on the 
week at 11.3 million bbl during the week profiled but were 100,000 bbl lower 
than the volume reported in the same period last year, EIA data showed. 
Distillate imports fell by 28,000 bpd to 6,000 bpd and were 8,000 bpd lower 
than the same week last year.

   Jet fuel stocks on the West Coast dropped by 700,000 bbl to 10.7 million bbl 
but were 1 million bbl higher compared with the same week last year. Jet fuel 
imports declined by 45,000 bpd to 59,000 bpd and were 51,000 bpd lower than the 
same week the previous year.

   Crude oil inventories in PADD 5 increased by 1.7 million bbl to 46.9 million 
bbl during the week ending April 10 but were 1.7 million bbl lower than the 
same period last year, the EIA reported. Crude imports declined by 295,000 bpd 
to 834,000 bpd and were 32,000 bpd lower compared with the same week last year.

   Refining utilization in the West Coast slipped to 82.5% from 85.8% the prior 
week, according to EIA data.




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