EIA: PADD 5 Gasoline Stocks Rise for 6th Week


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- U.S. West Coast gasoline inventories increased for the 
sixth consecutive week while distillate and jet fuel stocks also climbed in the 
week ended June 26, Energy Information Administration data showed Wednesday 
(7/1).

Motor gasoline inventories in the PADD 5 region increased for the sixth 
consecutive week, climbing by 300,000 bbl to 29.2 million bbl during the week 
ended June 26, the EIA's Weekly Petroleum Status Report showed. Year-on-year, 
gasoline stocks in the region were 700,000 bbl lower. PADD 5 gasoline imports 
increased by 97,000 bpd to 165,000 bpd last week but were 85,000 bpd lower than 
the same week last year.

Distillate fuel oil inventories in the region climbed by 300,000 bbl to 11.6 
million bbl during the week profiled and were 700,000 bbl higher than the 
volume reported in the same period last year. Distillate imports into the 
region declined by 19,000 bpd to 17,000 bpd and remained 7,000 bpd above 
year-ago levels.

Jet fuel inventories increased by 900,000 bbl to 11.9 million bbl and were 
400,000 bbl higher than a year earlier. Jet fuel imports into the region 
totaled 47,000 bpd, up 3,000 bpd from the prior week but 13,000 bpd below the 
same week last year.

   
Crude oil inventories in PADD 5 declined by 1.3 million bbl to 42.3 million bbl 
during the week ended June 26 and were 6.4 million bbl lower than the same week 
last year. Crude oil imports increased by 101,000 bpd to 1.008 million bpd on 
the week and were 64,000 bpd higher than the previous year.

   
Refinery utilization in the West Coast region increased to 94.2% from 93.7% the 
previous week, according to EIA data.
 




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