EIA: PADD 3 Gasoline Stocks in 4th Consecutive Weekly Draw


   
Maria Eugenia Garcia
DTN Energy Editor

   HOUSTON, TX (DTN) -- U.S. Gulf Coast (PADD 3) gasoline inventories declined 
for a fourth consecutive week during the week ended January 30, as refining 
production in the region was impacted by a winter storm, Energy Information 
Administration data showed on Wednesday (2/4)). 

   Distillate and jet fuel stocks also reported a weekly draw in the same week.

   Motor gasoline inventories in the Gulf Coast region fell by 100,000 bbl to 
93.2 million bbl last week, above the 89.7 million bbl reported in the same 
week a year earlier.

   The region imported 34,000 bpd last week, compared to zero imports the prior 
week and above the 28,000 bpd seen year-over-year. 

   Jet fuel stocks in PADD 3 dipped by 1.8 million bbl  to 12.6 million bbl in 
the week ending January 30, and were 300,000 bbl above the volume reported in 
the same week from last year.

   Distillate fuel oil inventories in the same region dropped by 1.4 million 
bbl to 49.4 million bbl on the week, but were up by 10.3 million bbl 
year-over-year, according to the EIA data.

   As a net exporter of distillates and jet fuel, PADD 3 does not report 
imports of those products.

   Refining utilization in PADD 3 rose to 92.2% from 90.5%, despite unplanned 
refinery shutdowns resulting from a winter storm in the region.

   However, PADD 3 gasoline and diesel retail prices were mixed on the week 
despite limited supplies being reported.

   The average retail prices for gasoline in the Gulf Coast dropped by 1.1cts 
to $2.444 gallon last week but were still below the national average for retail 
regular gasoline of $2.867 gallon, according to EIA data released Tuesday (2/3).

   Meanwhile, retail prices for diesel in PADD 3 climbed by 5.4cts on a weekly 
basis to $3.379 gallon, the most competitive value nationwide as the U.S. 
average was $3.681 gallon in the same period.




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