EIA: PADD 3 Distillate Stocks Fall to 13-Month Low


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- U.S. Gulf Coast (PADD 3) distillate fuel oil 
inventories fell to a 13-month low during the week ended April 17, data from 
the U.S. Energy Information Administration showed Wednesday (4/22).

   Jet fuel and crude oil inventories rose for the same week while crude stocks 
declined.

   PADD 3 balances of distillates, the feedstock for diesel, decreased by 1.3 
million bbl to 39.4 million bbl in the profiled week. The current distillate 
stock level is the lowest since the 37.6 million bbl balance reported for the 
week ended March 21, 2025.

   Jet fuel inventories in PADD 3 rose by 700,000 bbl to 14.6 million bbl 
during the reference week and were above the 12.7 million bbl reported in the 
same week last year. As a net exporter of distillates and jet fuel, PADD 3 does 
not report imports of those products.

   Motor gasoline inventories in PADD 3 fell by 2.3 million bbl to 81.2 million 
bbl and were below the 83.5 million bbl reported in the same week last year. 
There were no gasoline imports into the Gulf Coast last week, just like the 
prior week and a year ago.

   Crude oil stocks in PADD 3 rose by 1.1 million bbl week-over-week to 272.1 
million bbl but were 18.7 million bbl below the same week of 2025.  Crude 
imports into the Gulf Coast fell by 86,000 bpd to 845,000 bpd and were below 
the 1.353 million bpd recorded in the comparable week last year.

   Refinery utilization on the Gulf Coast increased to 95.4% from 94.1% the 
previous week, with crude oil inputs rising by 169,000 bpd to 9.369 million 
bpd, EIA data showed.




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