EIA: PADD 1 Gasoline & Distilates Down; Jet Up


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- East Coast (PADD 1) gasoline inventories declined 
last week, while distillate stocks also fell and jet fuel inventories increased 
in the week ending February 20, according to data released by the U.S. Energy 
Information Administration on Wednesday (2/25).

   Motor gasoline stocks in PADD 1 fell by 800,000 bbl to 65.1 million bbl in 
the reference week and were below 67 million bbl seen in the same week last 
year. Gasoline imports declined to 361,000 bpd on a net input basis and were 
above the 286,000 bpd imported in the same week last year.

   Distillate fuel inventories declined by 400,000 bbl to 25.6 million bbl 
week-over-week, below 28.8 million bbl in the same week last year. Distillate 
imports averaged 392,000 bpd, up from 162,000 bpd the previous week and above 
the 342,000 bpd reported in the same week last year.

   Jet fuel inventories in PADD 1 increased by 100,000 bbl to 9.5 million bbl 
in the week ending February 20 and were below 10.5 million bbl in the same week 
last year. There were no jet fuel imports into the PADD 1 region.

   Crude oil inventories on the East Coast climbed by 800,000 bbl to 8.3 
million bbl in the respective week and were above the 6.9 million bbl recorded 
in the same week last year. Crude oil imports averaged 834,000 bpd, up from 
162,000 bpd the prior week and above the 342,000 bpd reported in the same week 
last year.




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