EIA: PADD 3 Gasoline Inventories Up on Week


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- U.S. Gulf Coast gasoline and distillate stocks showed 
mixed movements last week while jet fuel inventories increased in the week 
ending March 13, Energy Information Administration data showed on Wednesday 
(3/18).

   
Motor gasoline inventories in the PADD 3 region rose on the week, climbing by 
100,000 bbl to 85.2 million bbl during the week ended March 13, after edging 
higher the prior week, the EIA's Weekly Petroleum Status Report showed. 
Year-on-year, gasoline stocks in the region were higher by 5.4 million bbl.
PADD 3 gasoline imports climbed by 19,000 bpd to 26,000 bpd last week and were 
28,000 bpd lower compared with the same week of last year.

   
Distillate fuel oil inventories in the same region fell by 2.3 million bbl to 
44.1 million bbl during the week profiled and were 7 million bbl higher than 
the volume reported in the same period of last year, EIA data showed.
Jet fuel stocks in the Gulf Coast rose by 1.9 million bbl to 14.7 million bbl 
but were 700,000 bbl higher from a year ago.
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 94.7% in the week ending March 
13 from 91.3% the prior week.

   
Crude inventories in PADD 3 increased by 2.8 million bbl to 260.2 million bbl 
on the week and were 7.9 million bbl higher year-on-year. Crude imports surged 
by 1.176 million bpd to 2.387 million bpd on the week and were 1.114 million 
bpd higher compared to the same week last year.




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