EIA: PADD 3 Gasoline Stocks Rise for Second Straight Week


   
Maria Eugenia Garcia
DTN Energy Editor

   HOUSTON, TX (DTN) -- U.S. Gulf Coast (PADD 3) gasoline inventories rose for 
the second consecutive week, along with a rise in distillates, while jet fuel 
stocks dropped on the week ended December 5, according to Energy Information 
Administration data released Wednesday (12/10).

   Motor gasoline blending component stocks in the Gulf Coast region reached 
80.1 million bbl for the latest reporting week, which is 1.1 million bbl higher 
than the volume seen the previous week and up by 4.3 million bbl 
year-over-year. This marked a modest but steady increase as refiners are 
rebuilding stocks ahead of the winter season. Gasoline imports rose by 27,000 
bpd to 30,000 bpd last week and were 19,000 bpd higher than in the same week of 
last year.

   PADD 3, the main U.S. refining hub which includes Texas, Louisiana, and 
other Gulf Coast states, also reported a build in distillate fuel oil 
inventories which edged up by 300,000 bbl to 45.7 million bbl week-over-week. 
On an annual basis, stocks were up 4.7 million bbl, the same EIA data showed.  

   In contrast, jet fuel inventories dropped 1.4 million bbl to 13 million bbl 
in the week ended December 5, however, they were 1.2 million bbl higher than 
the volume recorded year-over-year.

   As a net exporter of distillates and jet fuel, USGC PADD 3 did not report 
imports of those products.

   Due to abundant supply and weak demand fundamentals, the USGC continued 
reporting the lowest U.S. gasoline retail price in the week ended December 8, 
as it was at $2.493 gallon, 44.7cts below the $2.9400 gallon national average 
price, EIA data showed.  In the same period of reference, diesel retail average 
prices were at $3.327 gallon, which is a 33.8cts discount versus the $3.665 
gallon national average.




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