NYH Weekly: ULSD Falls 8% Despite Historically Tight Stocks


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- New York Harbor refined-product spot prices fell 
across the board during the week ended September 25, led by an almost 8% 
decline in ULSD even as East Coast distillate inventories remained historically 
tight. Jet fuel and CBOB regular also erased part of the previous week's 
advances.

   ULSD averaged $4.7524 gallon, dropping 39.99cts, or 7.76%, from the previous 
week. Even after the decline, the weekly average remained $2.3407, or 97.06%, 
above the $2.4117 gallon recorded during the comparable week in 2025, DTN data 
showed.

   The U.S. Energy Information Administration (EIA) reported Wednesday (9/23) 
that PADD 1 distillate inventories increased by about 600,000 bbl to 22.2 
million bbl during the week ended September 18 from 21.6 million bbl the 
previous week. Despite the build, supplies remained 8.2 million bbl below the 
30.4 million bbl reported during the comparable week in 2025 and only 2.9 
million bbl above the all-time low of 19.3 million bbl reached in late August.

   Jet fuel averaged $4.5157 gallon, falling 26.56cts, or 5.55%, from the 
previous week. Prices remained $2.0990, or 86.85%, above the $2.4167 gallon 
recorded during the comparable week in 2025.

   East Coast jet fuel inventories declined by about 300,000 bbl to 10.9 
million bbl from 11.2 million bbl the previous week but remained above the 10.5 
million bbl reported during the same week of the previous year, EIA data showed.

   CBOB regular averaged $3.3924 gallon, down 20.53cts, or 5.71%, from the 
previous week. The weekly average remained $1.3861, or 69.09%, above the 
$2.0063 gallon recorded during the comparable week in 2025.

   PADD 1 gasoline inventories fell to 52.1 million bbl from 52.3 million bbl 
the previous week and remained below the 55.9 million bbl held during the 
comparable week in 2025. Gasoline imports dropped sharply to 210,000 bpd from 
419,000 bpd, according to EIA.

   East Coast refinery activity strengthened during the week, with utilization 
increasing to 89.2% from 87.7% and crude oil inputs rising by 31,000 bpd to 
834,000 bpd. Utilization also stood above the 86.5% reported during the 
comparable week in 2025.

   Refining operations across the East Coast were relatively uneventful during 
the week, with no significant outages, flaring events or other production 
issues reported.

    




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