EIA: West Coast Gasoline Drops to 3-Week Low

EIA: West Coast Gasoline Drops

MIAMI, FL (DTN) –West Coast PADD 5 gasoline inventories declined for the first time in four weeks in the week ending August 29, while distillate and crude oil stocks moved higher and jet fuel eased, according to the latest data from the U.S. Energy Information Administration.

Gasoline inventories fell by 1.4 million bbl to 30.2 million bbl from 31.6 million bbl in the reference week. That’s down by 100,000 bbl from the 30.3 million bbl reported in the same week in 2024. Imports dropped to 111,000 bpd from 139,000 bpd and compared with just 2,000 bpd during the same week last year.

Distillate inventories climbed by 700,000 bbl to 11.7 million bbl from 11.0 million bbl in the respective week. Stocks were 1.6 million bbl higher than the 10.1 million bbl held during the same period in 2024. Distillate imports fell to 7,000 bpd from 9,000 bpd, and compared with 44,000 bpd last year.

Jet fuel inventories fell by 100,000 bbl to 11.3 million bbl from 11.4 million bbl. That matched the 11.3 million bbl level reported in the corresponding week in 2024. Imports declined to 45,000 bpd from 72,000 bpd and compared with 138,000 bpd last year.

Crude oil inventories climbed by 600,000 bbl to 45.6 million bbl from 45.0 million bbl in the reference week. Supplies were 4.0 million bbl below the 49.6 million bbl held in the same week last year.