NY Harbor Weekly: Distillates Fall Despite Tight Stocks


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- Fuel spot markets on the New York Harbor slid during 
the week ended June 12, with middle distillates retreating after the prior 
week's rally even as East Coast inventories remained below previous year levels.

   NYH jet fuel recorded the largest decline of the week, falling 23.32cts or 
6.65% week-over-week to average $3.2717 gallon, while NYH ULSD declined 
18.72cts or 5.06% to average $3.5162 gallon. Despite the weekly decline, both 
products remained above the previous year's levels of $2.0562 gallon for jet 
fuel and $2.2037 gallon for ULSD.

   Support from tighter East Coast distillate fundamentals eased this week 
after the U.S. Energy Information Administration reported distillate fuel oil 
inventories in PADD 1 increased by 900,000 bbl to 23.1 million bbl during the 
week ended June 5. Even with the increase, inventories remained 2.4 million bbl 
below the 25.5 million bbl reported during the same week in 2025.

   Distillate imports into the region increased to 120,000 bpd from 86,000 bpd 
the previous week and above the 89,000 bpd recorded during the previous year. 
East Coast refinery utilization also increased to 84% from 83.5%, with crude 
oil inputs rising to 777,000 bpd.

   Jet fuel fundamentals were mixed. PADD 1 inventories fell by 800,000 bbl to 
11.2 million bbl but remained above the 11 million bbl reported during the same 
week of the previous year. Imports declined sharply to 39,000 bpd from 131,000 
bpd the previous week.

   Gasoline also moved lower, with NYH CBOB declining 6.30cts or 2.08% to 
average $2.9719 gallon, though remaining above the previous year's level of 
$2.0192 gallon. The move came as East Coast gasoline inventories edged up by 
100,000 bbl to 56.7 million bbl while remaining below the 59.5 million bbl 
reported during the same week of the previous year. Gasoline imports into PADD 
1 averaged 714,000 bpd, down from 780,000 bpd the previous week and 914,000 bpd 
during the previous year.

   No refinery outages or supply disruptions were reported across the East 
Coast during the week.




(c) Copyright 2026 DTN, LLC. All rights reserved.