California Non-CARB Gasoline Stocks Hit 21-Year Low


   
Daniel Rodriguez Huerta
DTN Refined Fuels Market Reporter

   CALGARY, CANADA (DTN) -- California refiners' non-CARB gasoline inventories 
fell 26.98% from the previous week to 471,000 bbl in the week ended October 30, 
the lowest in California Energy Commission (CEC) data dating to January 2005.

   The decline put stored volumes below the previous low of 483,000 bbl, set in 
the week ended December 21, 2012 - even as production of non-CARB gasoline 
edged up 2.02% from the prior week to 354,000 bbl. Production remained 30.18% 
below the year-ago level, and stocks were 50.21% lower than in the 
corresponding week a year ago.

   By contrast, stored levels of CARB gasoline gained 6.19% from a week earlier 
to 5.21 million bbl, but they were still 0.83% below last year's level. Output 
of that California-spec gasoline increased 3.79% on the week to 4.78 million 
bbl, 4.61% more than in the same week a year earlier.

   Overall, gasoline production climbed 3.66% week over week to 5.13 million 
bbl, 1.13% above the year-ago week. Meanwhile, total gasoline inventories, 
which includes blending components, rose 1.71% from the week before to 10.31 
million bbl, the highest since the week ended August 7, though 4.66% under the 
level of a year ago. Stockpiles of blending components, included in total 
storage levels, ticked up 0.96% from the previous week to 4.63 million bbl, 
0.32% above the year-ago level.

   Refiners also ran less crude, with runs slipping 2.53% from the prior week 
to 8.17 million bbl, the lowest since the week ended May 29, though 0.01% above 
the same week a year earlier. Crude inventories hit 7.69 million bbl in the 
week ended October 23, the lowest in CEC data dating to January 2005. These 
recovered 8.25% during the latest week to 8.32 million bbl, though they 
remained 30.99% below the year-ago level.




(c) Copyright 2026 DTN, LLC. All rights reserved.