EIA: PADD 1 Distillate Inventories Dip 900Kb on Week

DAVENPORT, FL (DTN) — East Coast PADD 1  distillate, gasoline and jet fuel inventories declined, while crude oil inventories posted a modest build during the week ending September 19, according to U.S. Energy Information Administration data released Wednesday (9/24).

PADD 1 distillate inventories fell by 900,000 bbl to 30.4 million bbl in the reference week, which is 6.3 million bbl lower than the volume recorded in the same week of the previous year. The region imported 244,000 bpd of distillates, down from 264,000 bpd the prior week, compared with 223,000 bpd in the same week of last year.

PADD 1 gasoline stocks slipped by 100,000 bbl to 54.5 million bbl in the profiled week, a 5.6 million bbl drop compared to last year. Gasoline imports climbed to 369,000 bpd, up from 346,000 bpd the prior week, though below the 604,000 bpd recorded in the same week last year.

East Coast jet fuel inventories eased by 100,000 bbl to 10.5 million bbl in the respective week. That was 1.3 million bbl below the volume reported in the corresponding week of last year. Regional jet fuel imports stood at 71,000 bpd, compared with 78,000 bpd week-over-week and 94,000 bpd in the same period of the previous year.

Crude oil inventories in PADD 1 rose by 600,000 bbl to 8.0 million bbl in the week ending September 19, compared with 8.1 million bbl reported during the same week of the prior year.