EIA: West Coast Gasoline, Diesel Stocks Rise;Crude, Jet DN
7/02 10:43 AM
EIA: West Coast Gasoline, Diesel Stocks Rise;Crude, Jet DN
Kristina Davis
DTN Refined Fuels Market Reporter
MIAMI, FL (DTN) -- Gasoline and distillate inventories increased across the
U.S. West Coast PADD 5 in the week ending June 27, while jet fuel and crude oil
supplies moved lower, according to the latest weekly data from the Energy
information Administration.
Gasoline stocks rose by 1.267 million bbl to 29.945 million bbl in the
respective week. Despite the build, inventories are 2 million bbl lower than
the 31.9 million bbl reported in the same week last year. Imports rose to
250,000 bpd from 145,000 bpd, nearly double imports at 104,000 bpd reported a
year ago.
Distillate inventories increased by 600,000 bbl to 10.9 million bbl from
10.3 million bbl. Stocks are now 800,000 bbl above the 10.1 million bbl total
recorded the corresponding week last year. Imports rose to 10,000 bpd from
5,000 bpd, just under year ago levels at 11,000 bpd.
Jet fuel stocks fell by 500,000 bbl to 11.5 million bbl in the week ending
June 27. Despite the weekly draw, inventories are 1.4 million bbl higher than
10.1 million bbl total reported a year ago. PADD 5 brought in 60,000 bpd of jet
fuel this week, compared to zero the previous week and 97,000 bpd this time
last year.
Crude oil supplies fell by 1.3 million bbl to 48.7 million bbl from 50
million bbl, marking the steepest weekly decline across all categories.
Stockpiles are 4.8 million bbl higher than the 42.9 million bbl reported in the
same week of 2024.
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