EIA: USGC Gasoline Drops for Fifth Straight Week

EIA: USGC Gasoline Drops

MIAMI, FL (DTN) — Gulf Coast PADD 3 gasoline inventories declined for the fifth consecutive week in the week ending August 29, hitting the lowest level since early May, according to the latest data from the U.S. Energy Information Administration. Distillate inventories increased while stocks of crude oil and jet fuel moved lower.

PADD 3 gasoline inventories fell by 2.6 million bbl to 81.3 million bbl from 83.9 million bbl in the reference week. Stocks were 4.3 million bbl above the 77.0 million bbl reported in the same week in 2024. Imports fell to 46,000 bpd from 55,000 bpd and compared with 19,000 bpd last year.

Distillate inventories climbed by 1.3 million bbl to 44.0 million bbl from 42.7 million bbl in the respective week. Stocks were also 1.3 million bbl higher than the 42.7 million bbl reported during the same week last year. The region reported zero distillate imports for the second straight week and the same period in 2024.

Crude oil inventories fell by 400,000 bbl to 239.4 million bbl from 239.8 million bbl in the reference week. Stocks were 5.0 million bbl higher than the 234.4 million bbl reported during the same week in 2024.

Jet fuel inventories fell by 1.0 million bbl to 12.9 million bbl from 13.9 million bbl in the respective week. Supplies were 1.9 million bbl lower than the 14.8 million bbl held in the same week last year. Jet imports held at zero for the week, consistent with last week and the same period in 2024.