EIA: PADD 2 Gasoline Stocks Hit Record Low as Runs Drop


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- Midwest gasoline inventories fell to a record low 
during the week ended September 25 while regional distillate stocks dropped to 
a near four-month bottom as refinery crude utilization across PADD 2 continued 
to slow, the Energy Information Administration reported Wednesday (9/30).

   Motor gasoline inventories in the PADD 2 region drew by 1.8 million bbl 
during the week ended September 25 to 41.8 million bbl, according to the EIA's 
Weekly Petroleum Status Report. That placed regional gasoline supplies at their 
lowest level since EIA record-keeping began in December 1989. 

   Year-on-year, regional gasoline stocks were lower by 5.7 million bbl 
compared to the 47.5 million bbl seen in the corresponding week of 2025.

   PADD 2 crude imports increased by 295,000 bpd on the week to average 
2,732,000 bpd, according to latest EIA data. This inbound crude oil volume was 
275,000 bpd lower than the 3,007,000 bpd reported by the agency during the 
corresponding week last year.

   The regional utilization rate dropped 3.4 percentage points to 85.6% versus 
the prior week's 89.0%, remaining well below the year-ago level of 94.9%.

   Refiner use of crude in the Midwest fell further to 3.645 million bpd last 
week, versus 3.802 million bpd the week prior and 4.029 million bpd a year ago. 

   Weekly imports of gasoline into the Midwest were unchanged on the week to 
average 7,000 bpd during the current reporting period. This inbound volume was 
down by 9,000 bpd from the year-ago level of 16,000 bpd recorded during the 
same week last year.

   PADD 2 distillate fuel oil stocks dropped by 1.3 million bbl on the week to 
stand at 25.9 million bbl. The draw placed regional distillate inventories at 
their lowest level since the week ended June 5, when stocks stood at 25.264 
million bbl. Year-on-year, regional distillate inventories were 5.5 million bbl 
lower than the 31.4 million bbl logged during the corresponding week last year.

   Distillate imports into the Midwest averaged 9,000 bpd, up 6,000 bpd on the 
week and up by 1,000 bpd from the year-ago volume of 8,000 bpd.

   Jet fuel stocks decreased by 300,000 bbl from the prior week to 7.7 million 
bbl, standing 100,000 bbl below the previous year's level of 7.8 million bbl. 
Weekly jet fuel imports remained at zero bpd, matching both week-ago and 
year-ago levels.

   Crude oil inventories rose by 1.0 million bbl on the week to 105.1 million 
bbl, which is 3.5 million bbl higher than last year's level of 101.6 million. 




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