EIA: PADD 3 Gasoline Stocks Rse for Second-Straight Week


   
Maria Eugenia Garcia
DTN Energy Editor

   HOUSTON, TX (DTN) -- U.S. Gulf Coast (PADD 3) gasoline inventories rose for 
a second consecutive week in the week ended July 24, while jet fuel stockpiles 
extended their decline to a second straight week.Distillate inventories also 
decreased in the same period, according to U.S. Energy Information 
Administration data released Wednesday (7/29).  

   Motor gasoline inventories in the PADD 3 region rose for the second 
consecutive week by 800,000 bbl to 79 million bbl during the reference week. 
Despite the build, inventories remained 8 million bbl below the same week last 
year. Gasoline imports into the Gulf Coast climbed by 4,000 bpd to 92,000 bpd 
compared with the previous week and were well above the 4,000 bpd reported 
during the same week last year.

   Distillate fuel oil inventories, the feedstock for diesel, rose by 2.6 
million bbl to 45.7 million bbl during the profiled week, but remained 400,000 
bbl below the 46.1 million bbl reported during the same week last year. As a 
net exporter of distillate fuel, PADD 3 reported no distillate imports during 
the reporting week.

   In contrast, jet fuel inventories dipped for second straight week by 1.5 
million bbl to 14.5 million bbl during the reference week but stood 1.2 million 
bbl above the same week last year. Jet fuel imports into the Gulf Coast were 
zero, compared to 28,000 bpd reported the previous week.

   Weekly crude oil inventories in PADD 3 fell by 6.5 million bbl to 233.3 
million bbl.  Stocks were down10.5 million bbl from the same week last year. 
Crude oil imports into the Gulf Coast rose by 232,000 bpd to 1.14 million bpd, 
doubling the volume imported in the same period last year.

   Refinery utilization on the Gulf Coast climbed to 97.8% of operable capacity 
from 96.7% the previous week, EIA data showed.




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