EIA: PADD 1 Distillates Stocks Dip, Jet Up on Higher Runs


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- Distillate inventories in the U.S. East Coast fell 
back during the week ended July 3 after the prior week's rebound, following 
gasoline stocks lower, the U.S. Energy Information Administration (EIA) 
reported Wednesday (7/8).

   Crude oil and jet fuel balances in the PADD 1 region, meanwhile, rose amid 
higher refinery utilization, the EIA said, citing its Weekly Petroleum Status 
Report.

   Distillate inventories on the East Coast fell by 1.7 million bbl to 21.3 
million bbl, leaving stocks 2.0 million bbl below year-ago levels. East Coast 
distillate imports increased by 7,000 bpd to 67,000 bpd from the previous week 
and were above the 24,000 bpd imported during the comparable week of 2025.

   Motor gasoline inventories in PADD 1 fell by 1.6 million bbl to 55.6 million 
bbl and remained 7.2 million bbl below the 62.8 million bbl recorded a year 
earlier. Gasoline imports into the region declined by 95,000 bpd to 292,000 bpd 
and were down from 626,000 bpd in the same week last year.

   Jet fuel inventories increased by 200,000 bbl to 11.3 million bbl, leaving 
stocks 700,000 bbl above the 10.6 million bbl reported during the comparable 
week in 2025. East Coast jet fuel imports increased to 19,000 bpd from 13,000 
bpd the previous week, compared to zero imports a year earlier.

   Crude oil inventories on the East Coast increased by 400,000 bbl to 8.3 
million bbl but remained 900,000 bbl below year-ago levels. Crude imports into 
the region averaged 338,000 bpd, down from 429,000 bpd the previous week and 
below the 676,000 bpd reported during the same week in 2025.

   Refinery utilization on the East Coast rose to 78.4% of operable capacity 
from 68.3% the previous week, EIA data showed. Crude oil inputs increased by 
108,000 bpd to 725,000 bpd during the reference week.




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