EIA: East Coast Distillate Inventory Jumps 1.6M Bbl on Week


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- East Coast PADD 1 distillate inventories rose in the 
week ending September 5. Gasoline stocks edged higher, while jet fuel supplies 
slipped slightly and crude oil inventories fell, according to U.S. Energy 
Information Administration data released on Wednesday (9/10).

   PADD 1 distillate inventories increased by 1.6 million bbl to 30.3 million 
bbl in the week ending September 5, which is 6.9 million bbl lower than the 
37.2 million bbl recorded in the same week of the previous year.

   The region imported 267,000 bpd of distillates, slightly above 258,000 bpd 
the prior week, compared with 204,000 bpd last year.

   PADD 1 gasoline stocks climbed by 200,000 bbl to 55.7 million bbl in the 
reference week, but were 5.3 million bbl below the 61.0 million bbl reported in 
the corresponding week of last year. Gasoline imports rose to 503,000 bpd, up 
from 411,000 bpd the prior week, but down from 548,000 bpd recorded in the same 
week of last year.

   East Coast jet fuel inventories slipped by 100,000 bbl to 10.3 million bbl 
in the respective week. That was 1.9 million bbl below the 12.2 million bbl 
reported in the corresponding week of last year. Regional jet fuel imports 
declined to 72,000 bpd from 78,000 bpd week-over-week, compared with 84,000 bpd 
in the same period of the previous year.

   Crude oil inventories in PADD 1 fell by 500,000 bbl to 7.2 million bbl in 
the week ending September 5, down from 7.9 million bbl reported during the same 
week of the prior year.




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