EIA: PADD 3 Gasoline Stock Flat; Distillate, Jet Fuel Down


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- U.S. Gulf Coast gasoline inventories were unchanged 
last week while distillate and jet fuel stocks fell, Energy Information 
Administration data showed on Wednesday (2/25).

   Motor gasoline inventories in the PADD 3 region stood at 89.6 million bbl 
during the week ended February 20, the same as the prior week ended February 
13, according to the EIA's Weekly Petroleum Status Report. Year-on-year, 
gasoline stocks in the region were down 7 million bbl.

   Refining utilization in the Gulf Coast rose to 91.1% from 90.4% the prior 
week, according to EIA data.

   PADD 3 gasoline imports were at 32,000 bpd last week compared to the nil 
imports in the prior week and 22,000 bpd in the same week of last year.

   Crude imports (PADD 3)  rose by 34,000 bpd to 1.536 million bpd on the week 
and were 217,000 bpd higher year-on-year, due in part to increasing imports of 
Venezuelan crude into the region.

   Jet fuel stocks in the Gulf Coast fell by 1.1 million bbl to 12.9 million 
and were 1.2 million bbl lower from a year ago.

   Distillate fuel oil inventories in the same region fell by 100,000 bbl to 
48.7 million bbl during the week profiled and were 7.7 million higher than the 
volume reported in same period of last year, EIA data showed. 

   As a net exporter of distillates and jet fuel, PADD 3 does not report 
imports of those products. 




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