EIA: PADD 2 Distillates, Gasoline Retreat From Recent Peak


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- Midwest oil inventories fell across the board last 
week, pulling distillate and gasoline stocks off their recent multi-week highs 
as refinery utilization eased, the Energy Information Administration (EIA) 
reported Thursday (9/10).

   Motor gasoline inventories in the PADD 2 region fell by 200,000 bbl during 
the week ended September 4 to stand at 43.2 million bbl, according to the EIA's 
Weekly Petroleum Status Report. Year-on-year, regional gasoline stocks fell by 
2.4 million bbl from the 45.6 million bbl recorded during the corresponding 
week of 2025.

   Weekly imports of gasoline into the Midwest dropped by 5,000 bpd on the week 
to average 1,000 bpd during the current reporting period. This inbound volume 
was down by 13,000 bpd from the year-ago level of 14,000 bpd recorded during 
the same week last year.

   PADD 2 distillate fuel oil inventories decreased by 300,000 bbl on the week 
to 28.5 million bbl, retreating from the prior week's seven-week high. The 
latest weekly draw placed regional inventories of the product at 2.1 million 
bbl lower than the 30.6 million bbl logged during the corresponding week last 
year.

   Distillate imports into the Midwest averaged 3,000 bpd, down 2,000 bpd on 
the week and down by 20,000 bpd from the year-ago volume of 23,000 bpd.

   Jet fuel stocks fell by 400,000 bbl from the prior week to 7.8 million bbl, 
though they remained 200,000 bbl above the previous year's level of 7.6 million 
bbl. Weekly jet fuel imports into the region remained flat at zero bpd, 
matching both week-ago and year-ago levels.

   Crude oil inventories decreased by 400,000 bbl on the week to 100.1 million 
bbl, which is 4.0 million bbl lower than last year's level of 104.1 million bbl.

   PADD 2 crude imports fell by 330,000 bpd on the week to average 2,670,000 
bpd, according to latest EIA data. This inbound crude oil volume was 226,000 
bpd lower than the 2,896,000 bpd reported by the agency during the 
corresponding week last year.

   Refiner use of crude in the Midwest slid to 4.349 million bpd last week, 
versus 4.425 million the week prior and 4.177 million a year ago. The regional 
utilization rate slipped to 101.6% versus the prior week's 103.5% but remained 
well above the year-ago level of 98.3%.




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