EIA: NY Harbor Gasoline Climbs; Crude Stocks Fall

EIA: NY Harbor Gasoline Climbs

MIAMI, FL (DTN) –East Coast PADD 1 gasoline inventories rose in the week ending August 29, rebounding from the prior week’s slight dip and resuming an upward trend seen earlier in the month. Distillate and crude oil stocks moved lower, while jet fuel continued to rise, according to the latest data from the U.S. Energy Information Administration.

PADD 1 gasoline inventories climbed by 500,000 bbl to 55.5 million bbl from 55.0 million bbl in the reference week. That was 2.7 million bbl below the 58.2 million bbl reported during the same week in 2024. Gasoline imports declined to 411,000 bpd from 550,000 bpd and were also below the 630,000 bpd recorded in the comparable week last year.

Distillate inventories fell by 200,000 bbl to 28.7 million bbl from 28.9 million bbl in the week ending August 29. Stocks were 6.7 million bbl below the 35.4 million bbl held during the same week in 2024. Imports for distillates declined to 47,000 bpd from 121,000 bpd, and compared with 119,000 bpd in 2024.

Crude oil inventories fell by 300,000 bbl to 7.7 million bbl from 8.0 million bbl in the respective week. Crude stocks matched the same 7.7 million bbl level held in the corresponding week in 2024. Crude imports rose to 2.839 million bpd from 2.747 million bpd and were slightly above the 2.776 million bpd recorded last year.

Jet fuel inventories climbed by 300,000 bbl to 10.4 million bbl from 10.1 million bbl in the week ending August 29. Stocks were down by 1.9 million bbl compared with the 12.3 million bbl reported in the same week of 2024. Jet fuel imports dropped to zero from 13,000 bpd the prior week and were also flat compared to 13,000 bpd last year.