EIA: PADD 5 Gasoline, Distillates Stocks Decline on Week


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- U.S. West Coast (PADD 5) gasoline inventories reported a 
draw in the week ending April 24, along distillate and jet fuel stocks, 
according to data from Energy Information Administration released Wednesday 
(4/29).

   Motor gasoline inventories in the PADD 5 region fell week-over-week by 
100,000 bbl to 28.4 million bbl , reversing four straight weeks of builds, the 
EIA's Weekly Petroleum Status Report showed. Year-on-year, gasoline stocks in 
the region were up by 2.3 million bbl.
PADD 5 gasoline imports dropped by 87,000 bpd to 167,000 bpd last week and were 
102,000 bpd higher compared with the same week last year.
Distillate fuel oil inventories in the same region fell by 600,000 bbl to 10.1 
million bbl during the week profiled and were 1.2 million bbl lower than the 
volume reported in the same period of last year, EIA data showed. Distillate 
imports climbed by 14,000 bpd to 25,000 bpd on the week but were 13,000 bpd 
lower compared with the same week last year.
Jet fuel stocks in the West Coast slipped by 200,000 bbl to 10.6 million bbl 
but were 200,000 bbl higher from a year ago. Jet fuel imports dropped by 87,000 
bpd to 43,000 bpd last week and were 16,000 bpd lower compared with the same 
week last year.
Crude oil inventories in PADD 5 fell by 400,000 bbl to 45.3 million bbl during 
the week ended April 24 and were 4 million bbl lower than the level reported in 
the same week last year. Crude imports dipped by 39,000 bpd to 1.031 million 
bpd on the week and were 65,000 bpd higher year-on-year.
Refining utilization in the West Coast slipped to 77.0% from 80.1% the prior 
week, according to EIA data.




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