EIA: PADD 5 Gasoline Stocks Fall Second Week in Row
2/19 1:37 PM
EIA: PADD 5 Gasoline Stocks Fall Second Week in Row
Kristina Davis
DTN Refined Fuels Market Reporter
MIAMI, FL (DTN)--West Coast (PADD 5) gasoline inventories declined for a
second consecutive week, with crude oil and distillate stocks also declining
and jet fuel inventories increasing in the week ending February 13, according
to Energy Information Administration data released Thursday (2/18).
Motor gasoline inventories in PADD 5 fell by 100,000 bbl to 30.3 million bbl in
the prior week, EIA data showed. Stocks were 1.7 million bbl higher than the
same week last year. Gasoline imports into the region climbed by 47,000 bpd to
123,000 bpd in the week ending February 13, compared with 2,000 bpd in the same
week last year.
Distillate fuel oil stocks in the region slipped by 400,000 bbl to 11.5 million
bbl week over week. Inventories were 100,000 bbl lower than the same week last
year. Imports for distillates rose by 11,000 bpd to 17,000 bpd last week,
versus zero in the previous year.
In contrast, jet fuel inventories climbed by 500,000 bbl to 11.7 million bbl in
the reference week. Stocks for this were 800,000 bbl higher than the same week
last year. Jet fuel imports increased by 92,000 bpd to 143,000 bpd, compared
with the 48,000 bpd imported in the corresponding week last year.
Crude oil stocks in PADD 5 slipped by 400,000 bbl to 47.7 million bbl last week
and were 1.1 million bbl higher than the same week last year. Crude oil imports
dropped by 35,000 bpd to 1.061 million bpd in the respective week, compared
with 1.073 million bpd a year earlier.
Gasoline retail prices in the West Coast (PADD 5) climbed by 10.7cts to $4.045
gallon in the week ending February 16, according to EIA data released Wednesday
(2/18). For the year, it was down 14.2cts. Retail gasoline for West Coast less
California climbed by 11.1cts to $3.608 gallon, while remaining down 12.1cts on
the year. Both PADD 5 and West Coast gasoline prices were well above last
week's national average of $2.924 gallon.
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