EIA: PADD 1 Gasoline Stocks Fall 1.1Mb, Distillates Down

DAVENPORT, FL (DTN) — East Coast PADD 1 gasoline and distillate inventories declined, while jet fuel supplies rose slightly and crude oil inventories fell during the week ending October 3, according to U.S. Energy Information Administration data released Wednesday (10/8).

PADD 1 gasoline stocks declined by 1.1 million bbl to 55 million bbl in the profiled week, a 4.7 million bbl drop compared to the previous year. Gasoline imports fell to 483,000 bpd, down from 526,000 bpd the prior week, though above the 393,000 bpd recorded in the same week last year.

PADD 1 distillate inventories fell by 500,000 bbl to 30.2 million bbl in the reference week, which is 3.4 million bbl lower than the volume recorded in the same week of the previous year. The region imported 56,000 bpd of distillates, down from 78,000 bpd the prior week, compared with 84,000 bpd in the same week last year.

East Coast jet fuel inventories rose by 100,000 bbl to 9.3 million bbl in the respective week. That was 2.6 million bbl below the volume reported in the corresponding week of last year. Regional jet fuel imports stood at zero bpd, unchanged from the prior week and matching the same period of the previous year.

Crude oil inventories in PADD 1 fell by 300,000 bbl to 6.7 million bbl in the week ending October 3, compared with 7.8 million bbl reported during the same week of the prior year