EIA: PADD 1 Gasoline Stocks Drop 1.8M Bbl


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- East Coast PADD 1 gasoline fell and distillate 
inventories rose during the week ending October 31, while stocks jet fuel 
slipped and crude oil saw no change, U.S. Energy Information Administration 
data released Wednesday (11/05) showed.

   PADD 1 gasoline stocks fell by 1.8 million bbl to 51.7 million bbl in the 
profiled week, and were 2.4 million bbl lower than the level recorded in the 
same week last year. Gasoline imports increased to 270,000 bpd from 293,000 bpd 
the prior week, compared with 207,000 bpd in the same week last year.

   PADD 1 distillate inventories rose by 900,000 bbl to 26.4 million bbl in the 
reference week, and were down from the 32.2 million bbl in the same week last 
year. The region reported no distillate imports, unchanged from the prior week 
and the same week last year.

   East Coast jet fuel inventories fell by 400,000 bbl last week to 9.3 million 
bbl and were 1.9 million bbl lower than the volume reported in the same week 
last year. The region continued to report zero imports for jet fuel on both a 
weekly and year-over-year basis.

   Crude oil inventories in PADD 1 also saw no change at 8.1 million bbl in the 
week ending October 31, compared with the 8.1 million bbl reported during the 
same week last year.

    




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