PADD 1 Gasoline Stocks Decline; Distillates Draw on Wk


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- East Coast (PADD 1) gasoline inventories declined 
last week during the week ended February 13, while distillate and jet fuel 
stocks also moved lower and crude oil balances decreased, according to U.S. 
Energy Information Administration data released Thursday (2/19).

   Motor gasoline inventories in PADD 1 fell by 800,000 bbl to 66.6 million bbl 
during the reference week. Despite the draw, gasoline stocks remained above the 
65.9 million bbl reported in the corresponding week of the prior year, EIA data 
showed.

   Distillate fuel oil inventories on the East Coast declined by 1.8 million 
bbl to 27.3 million bbl on the week and were below the 28.2 million bbl 
recorded in the same week last year.

   Jet fuel inventories in PADD 1 decreased by 400,000 bbl to 8.5 million bbl 
during the profiled week. This compared with 8.9 million bbl reported 
year-over-year, keeping annual balances modestly tighter despite the weekly 
decline.

   Crude oil inventories in PADD 1 edged lower by 200,000 bbl to 7.7 million 
bbl during the reference week and remained below the 8.3 million bbl recorded 
in the same week of the prior year.

   On the import side, crude oil imports into the East Coast increased to 
602,000 bpd during the week, compared with 566,000 bpd in the same week last 
year.

   Motor gasoline imports declined to 264,000 bpd and were below the 289,000 
bpd recorded year-over-year.

   Distillate fuel oil imports fell to 121,000 bpd during the reference week 
and were also lower than the 149,000 bpd reported in the same week of the prior 
year.

   Refinery utilization on the East Coast increased to 89.3% of operable 
capacity, up from 87.6% the prior week, indicating a modest pickup in 
processing activity across the region.

    The East Coast reported zero jet fuel imports, unchanged on the week and 
below the 84,000 bpd seen in the same week last year, EIA data showed

    

    




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