EIA: PADD 5 Gasoline Stocks Drop for Fourth Straight Week


   
Maria Eugenia Garcia
DTN Energy Editor

   HOUSTON, TX (DTN) --  U.S. West Coast (PADD 2)  gasoline inventories dropped 
for the fourth consecutive week, along with jet fuel, while distillate 
inventories rose during the  week ended September 4, the U.S. Energy 
Information Administration (EIA) reported Thursday (9/10).

   Motor gasoline stocks in the PADD 5 region fell by 100,000 bbl to 27.1 
million bbl during the referenced week, the EIA's Weekly Petroleum Status 
Report showed. Year-over-year, the same product inventory was below the 30.4 
million bbl reported during the same period last year.

   Motor gasoline imports amounted to 120,000 bpd last week, nearly six times 
higher than the 22,000 bpd reported the prior week. This doubled also the 
volume imported in the same week of last year, when it recorded 67,000 bpd.

   Regional distillate fuel stockpiles rose by 200,000 bbl to 10.1 million bbl 
from the prior week and were below levels from the same week of a year earlier, 
when distillates were at 12.1 million bbl. Distillate imports in PADD 5 fell to 
21,000 bpd from 42,000 bpd on the week, and down from 50,000 bpd reported 
year-over-year.

   Jet fuel stocks in PADD 5 dropped by 200,000 bbl to 11.2 million bbl on the 
week and were well below the previous year's level of 11.3 million bbl. Jet 
fuel imports in PADD 5 rose to 75,000 bpd from 66,000 bpd on a weekly basis. 
That was below the 120,000 bpd imported in the same period of last year.

   Crude oil inventories in PADD 5 fell by 2.7 million bbl to 45 million bbl 
during the reference week, below the 45.9  million bbl reported for the same 
week of the prior year. Crude imports in PADD 5 dipped to 1.024 million bpd 
from 1.144 million bpd the prior week. On a yearly basis, crude imports were 
below 1.62 million bpd, the EIA data showed.

   National refinery utilization rose to 93.2% from 92.8% the previous week.

    




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