EIA: PADD 5 Gasoline Stocks Reach 6-Week High


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- U.S. West Coast (PADD 5) gasoline inventories rose for a 
second consecutive week in the week ended December 12, while distillate and jet 
fuel stocks were unchanged and crude oil inventories slipped, according to 
Energy Information Administration data released Wednesday (12/17).
Motor gasoline stocks in the West Coast region reached 30 million bbl for the 
latest reporting week, or 1.6 million bbl higher than the volume seen the 
previous week. It marked a six-week high for West Coast gasoline inventories 
since the 30.2 million bbl reading cited by the EIA for the week ended 
September 26. Gasoline stockpiles were also up 1.5 million bbl from the same 
week a year ago.Gasoline imports rose by 107,000 bpd to 208,000 bpd last week 
and were 161,000 bpd higher than in the same week the previous year.
PADD 5 distillate fuel oil inventories were unchanged at 11.5 million bbl 
week-over-week. A year ago, stocks were 900,000 bbl lower, EIA data showed. 
Distillate imports fell by 6,000 bpd to 1,000 bpd last week and were 8,000 bpd 
lower from the same week of last year.
Jet fuel inventories also held steady on the week, at 11.4 million bbl, while 
dropping 200,000 bbl from a year ago. Jet fuel imports rose by 95,000 bpd to 
147,000 bpd last week and were 91,000 bpd higher than in the same week of last 
year.
Crude oil inventories slipped by 200,000 bbl to 47.6 million bbl in the latest 
reporting week. That was 3.1 million bbl lower than the volume recorded 
year-over-year, EIA data showed.Due to weaker demand and ample regional supply, 
West Coast gasoline retail prices slid by 10.5cts to $3.851 gallon in the week 
ending December 15, though prices stood 6.6cts higher than the corresponding 
week last year, the EIA's weekly update on fuel pricing showed. In comparison, 
the U.S. average for regular gasoline fell by 4.5cts to $2.895 gallon last 
week, standing 12.1cts lower than the same week last year, according to EIA 
pricing data.




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