EIA: PADD 3 Gasoline Stocks Rise; Distillate, Jet Fuel Slide


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) --- U.S. Gulf Coast gasoline rose last week while 
distillate and jet fuel stocks fell, Energy Information Administration (EIA) 
data showed on Wednesday (4/1).

   Motor gasoline inventories in the PADD 3 region rose on the week, climbing 
by 2.7 million bbl to 86.4 million bbl during the week ended March 27, the 
EIA's Weekly Petroleum Status Report showed.

   Year-on-year, gasoline stocks in the region up 3.4 million bbl higher.

   PADD 3 gasoline imports rose by 62,000 bpd to 85,000 bpd last week and were 
25,000 bpd higher compared with the same week of last year.

   Distillate fuel oil inventories in the same region fell by 700,000 bbl to 45 
million bbl during the week profiled and were 3.5 million bbl higher than the 
volume reported in the same period of last year.

   Jet fuel stocks in the Gulf Coast fell 100,000 bbl to 14.2 million bbl and 
were 1.5 million 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 rose to 97.4% during the week ended 
March 27, from 96.7% the prior week.

   Crude inventories in PADD 3 increased by 2.7 million bbl to 268.6 million 
bbl on the week and were 18 million bbl higher year-on-year. The total of oil 
imports for the Gulf rose by 4,000 bpd to 1.516 million bpd on the week and 
were 188,000 bpd higher from the same week last year.




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