EIA: PADD 2 Gasoline Stocks Ease From Recent Highs


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- Midwest (PADD 2) gasoline and distillate fuel 
inventories declined in the week ended January 30, while jet fuel stocks rose 
amid lower refining utilization rates due to a historic winter storm, according 
to U.S. Energy Information Administration data released Wednesday (2/4).

   Motor gasoline inventories in PADD 2 decreased by 1 million bbl to 59 
million bbl during the reference week. But they remained elevated and near the 
highest peak reported since the week ended February 21, 2025, when inventories 
stood at 60.1 million bbl, EIA data showed. Inventories were also above the 
57.1 million bbl reported in the same week of the prior year.

   Distillate fuel oil inventories in the Midwest decreased by 1.2 million bbl 
to 30.8 million bbl on the week. Stocks were lower than the 33.4 million bbl 
year-over-year, reflecting tighter balances amid seasonal demand.

   In contrast, jet fuel inventories in PADD 2 increased by 600,000 bbl to 8.4 
million bbl last week. This was also higher than the 7.6 million bbl reported 
in the same week of the prior year, amid ample supplies.

   Crude oil inventories in PADD 2 decreased by 2.2 million bbl to 105.8 
million bbl during the profiled week and was also higher than the 103 million 
bbl seen in the same week last year. Crude oil imports into the Midwest rose by 
146,000 bpd to 2.99 million bpd during the reference week and were lower than 
the 3.14 million bpd reported year over year.

   Motor gasoline imports fell by 2,000 bpd to 7,000 bpd and were lower than 
the 35,000 bpd recorded in the same week of last year.

   Distillate fuel oil imports dipped by 27,000 bpd to 30,000 bpd and were 
lower than the 15,000 bpd reported annually. The Midwest did not report weekly 
or annual imports of jet fuel for the week ended January 30.

   Refinery utilization in PADD 2 saw a steep decline, dropping to 92.4% in the 
profiled week from 97.4% the prior week.

   Retail gasoline prices in the Midwest fell by 4.3cts to $2.650 gallon in the 
week ended February 2, remaining 26.9cts lower than levels seen during the same 
week of last year, EIA data showed. Midwest average diesel retail prices 
increased by 4.6cts to $3.625 gallon and were 5.3cts higher on a weekly basis.




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