EIA: PADD 5 Gasoline Stocks Rebound After 3-Week Drop
2/11 12:29 PM
EIA: PADD 5 Gasoline Stocks Rebound After 3-Week Drop
Kristina Davis
DTN Refined Fuels Market Reporter
MIAMI, FL (DTN) -- West Coast gasoline inventories rebounded last week from
a three-week decline amid a rise as well in crude oil and jet fuel stocks,
while distillate balances fell, Energy Information Administration (EIA) data
released on Wednesday (2/11) showed.
Motor gasoline inventories in the PADD 5 region rose by 400,000 bbl to 30.4
million bbl last week, snapping prior declines during the weeks ended January
30th, 23rd and 16th, according to the data within the EIA's Weekly Petroleum
Status Report.
Even so, the West Coast gasoline balance was still 1.6 million bbl higher
than a year ago.
Gasoline imports in the PADD 5 averaged 76,000 bpd in the reference week,
down 16,000 bpd from the prior week, but 66,000 above year-ago levels.
Distillate fuel oil stocks in PADD 5 fell by 100,000 bbl to 11.9 million bbl
in the reference week but were up 200,000 bbl compared with the same week of
last year.
Crude oil inventories in the West Coast region increased by 1.0 million bbl
to 48.1 million bbl on the week while sliding 300,000 bbl from the prior year.
Crude oil imports in PADD 5 averaged 1.096 million bpd in the reference
week, registering a weekly decline of 125,000 bpd and a shortfall of 153,000
bpd on the year.
West Coast jet fuel inventories rose by 400,000 bbl to 11.2 million bbl on
the week while rising 100,000 bbl on the year.
Jet fuel imports into the region averaged 51,000 bpd in the reference week,
down 80,000 bpd from the prior week and 37,000 bpd from the year ago.
Gasoline prices on the West Coast climbed by 11.1cts to $3.938 gallon last
week, according to EIA data released Tuesday (2/10). Prices for the same
product in the region were 9.3cts lower than last year.
PADD 5 diesel prices slid 0.1cts to $4.376 gallon last week while rising
6.9cts on the year.
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