EIA: PADD 3 Gasoline Inventory Down for 8th Week


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- U.S. Gulf Coast gasoline and distillate stocks declined 
last week while jet fuel inventories also fell in the week ending March 6, 
Energy Information Administration data showed on Wednesday (3/11).
Motor gasoline inventories in the PADD 3 region fell for the eighth consecutive 
week, declining by 2.1 million bbl to 85.1 million bbl during the week ended 
March 6, after falling the prior week, the EIA's Weekly Petroleum Status Report 
showed. Year-on-year, gasoline stocks in the region were higher by 7.2 million 
bbl.
PADD 3 gasoline imports dropped by 26,000 bpd to 7,000 bpd last week and were 
7,000 bpd higher compared with the same week of last year.
Distillate fuel oil inventories in the same region declined by 1.6 million bbl 
to 46.4 million bbl during the week profiled and were 8 million bbl higher than 
the volume reported in the same period of last year, EIA data showed.
Jet fuel stocks in the Gulf Coast dropped by 800,000 bbl to 12.8 million but 
were 2.1 million bbl lower from a year ago.
As a net exporter of distillates and jet fuel, PADD 3 does not report imports 
of those products.
Refining utilization in the Gulf Coast rose to 91.3% from 89.5% the prior week, 
according to EIA data.
Crude imports in PADD 3 dipped by 117,000 bpd to 1.211 million bpd on the week 
and were 316,000 bpd higher year-on-year. 




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