EIA: PADD 3 Gasoline Stocks Falls 1.9M Bbl; Jet Climbs

EIA: PADD 3 Gasoline Stocks Falls 1.9M Bbl; Jet Climbs

MIAMI, FL (DTN) – U.S. Gulf Coast PADD 3 gasoline inventories declined for a second consecutive week in the week ending September 19, while distillate and crude oil stocks also dipped and jet fuel supplies increased, according to U.S. Energy Information Administration data released Wednesday (9/24).
USGC PADD 3 gasoline stocks fell week-on-week by 1.9 million bbl to 78.3 million bbl below the 81.2 million bbl reported in the same week of last year. Imports fell to zero from 45,000 bpd last week, compared with 19,000 bpd in the same week of last year.
PADD 3 distillate inventories fell by 1.8 million bbl to 45.2 million bbl in the week ending September 19, which is 4.9 million bbl higher than the 40.3 million bbl reported year-over-year. Imports rose slightly to 7,000 bpd from zero, the same level reported during the same period the prior year.
PADD 3 crude oil inventory fell by 7 million bbl to 234.3 million bbl from 241.3 million bbl in the reference week, marginally lower than the 234.5 million bbl reported in the same period of last year. Imports dropped to 1.043 million bpd week-on-week and were lower than 1.412 million bpd in the same week of last year.
Jet fuel stocks climbed by 400,000 bbl to 13.4 million bbl for the week,  600,000 bbl below the 14 million bbl reported year-over-year. The region continued reporting  jet fuel imports as it did the prior week and year-over- year.