EIA: PADD 2 Gasoline Stocks Hit 2-1/2 Year Low


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- Midwest gasoline inventories have fallen to their 
lowest since November 2023, marking a 2-1/2 year low, data from the U.S. Energy 
Information Administration (EIA) showed Wednesday (6/3).

   Stocks of crude oil also dropped in the PADD 2 region, while those for 
distillate fuel oil and jet fuel rose, during the week ended May 29, while jet 
oil balances stood flat, the EIA's Weekly Petroleum Status Report.

   Motor gasoline inventories in the PADD 2 region decreased by 400,000 bbl on 
the week to 43.3 million. That was the lowest balance for Midwest gasoline 
since the week ended November 3, 2023, when it stood at 43.153 million bbl.

   For the year, PADD 2 gasoline stocks dropped 3.6 million bbl from the 46.9 
million level seen during the same week of 2025. Imports of gasoline, 
meanwhile, were at 1,000 bpd versus 2,000 the prior week, and unchanged from a 
year ago.

   Distillate fuel oil inventories in PADD 2 rose by 1.4 million bbl on the 
week to 25 million bbl, the EIA data showed. On the year, they were 3000,000 
bbl lower.

   Distillate fuel oil imports averaged 16,000 bpd, down from 2,000 bpd from 
the prior week and up 12,000 bpd imported a year earlier.

   Jet fuel inventories in the Midwest were at 6.8 million bbl, up 800,000 from 
the prior week and 500,000 bbl higher from a year ago. PADD 2 jet fuel imports 
were at zero, unchanged on the week and year.

   During the profiled week, PADD 2 jet fuel imports were at 18,000 bpd, up 
1,000 bpd from the week prior and 11,000 higher year-on-year.

   Crude oil stocks in PADD 2 were at 103 million bbl during the reference 
week, down 800,000 from the week prior but 4.5 million bpd lower in the same 
week of the prior year.

   Crude oil imports in the Midwest averaged 2.873 million bpd during the 
reference week, compared with 2.945 million bpd the prior week and 2.881 
million bpd reported in the same week a year ago.

   Refinery utilization in PADD 2 rose to 97.1% from 95.9% the previous week, 
with crude oil inputs rising to 4.148 million bpd from 4.105 million bpd, the 
EIA reported.




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