EIA: PADD 2 Distillate Stocks Hit 3-Month Low as Runs Slow


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- Midwest distillate inventories dropped to a 
three-month low during the week ended September 18 as regional refinery crude 
utilization plunged across PADD 2, the Energy Information Administration (EIA) 
reported Wednesday (9/23). 

   PADD 2 distillate fuel oil stocks fell by 1.6 million bbl on the week to 
stand at 27.2 million bbl, according to the EIA's Weekly Petroleum Status 
Report. 

   The latest weekly draw placed regional distillate inventories at their 
lowest level since the week ended June 19, when stocks stood at 27.166 million 
bbl. Year-on-year, regional distillate inventories were 3.7 million bbl lower 
than the 30.9 million bbl logged during the corresponding week last year.

   Distillate imports into the Midwest averaged 3,000 bpd, up 1,000 bpd on the 
week but down by 4,000 bpd from the year-ago volume of 7,000 bpd. 

   Motor gasoline inventories in the PADD 2 region dipped by 500,000 bbl during 
the week ended September 18 to 43.6 million bbl. Year-on-year, regional 
gasoline stocks were lower by 3.4 million bbl compared to the 47.0 million bbl 
seen in the corresponding week of 2025. 

   Weekly imports of gasoline into the Midwest fell by 11,000 bpd on the week 
to average 7,000 bpd during the current reporting period. This inbound volume 
was down by 16,000 bpd from the year-ago level of 23,000 bpd recorded during 
the same week last year. 

   Jet fuel stocks remained flat at 8.0 million bbl from the prior week, while 
standing 100,000 bbl above the previous year's level of 7.9 million bbl. Weekly 
jet fuel imports remained at zero bpd, matching both week-ago and year-ago 
levels. 

   Crude oil inventories surged by 4.4 million bbl on the week to 104.1 million 
bbl, which is 900,000 bbl higher than last year's level of 103.2 million bbl. 

   PADD 2 crude imports decreased by 595,000 bpd on the week to average 
2,437,000 bpd, according to latest EIA data. This inbound crude oil volume was 
431,000 bpd lower than the 2,868,000 bpd reported by the agency during the 
corresponding week last year. 

   Refiner use of crude in the Midwest fell sharply to 3.802 million bpd last 
week, versus 4.241 million bpd the week prior and 4.002 million bpd a year ago. 
The regional utilization rate dropped 11.0 percentage points to 89.0% versus 
the prior week's 100.0%, moving well below the year-ago level of 94.2%. 

    

    




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