EIA: PADD 3 Distillate Stocks Fall to 3-Month Low
Miguel E. Andujar
DTN Refined Fuels Market Reporter
DAVENPORT, FL (DTN) -- U.S. Gulf Coast (PADD 3) distillate fuel inventories
fell to a more than three-month low during the week ended August 21, while jet
fuel stocks dropped to a three-month low and gasoline inventories declined,
according to the U.S. Energy Information Administration's Weekly Petroleum
Status Report released Wednesday (8/26).
Distillate fuel oil inventories, the feedstock for diesel, fell by 1 million
bbl to 39.6 million bbl during the profiled week, the lowest level since the
week ended May 8, when stocks stood at 39 million bbl. Inventories were 3.1
million bbl below the 42.7 million bbl reported during the same week last year.
As a net exporter of distillate fuel, PADD 3 reported no distillate imports
during the reporting week.
Jet fuel inventories fell by 600,000 bbl to 14.8 million bbl during the
reference week, the lowest level since the week ended May 15, when stocks stood
at 14.3 million bbl. Inventories remained 900,000 bbl above the 13.9 million
bbl reported during the same week last year. The Gulf Coast reported no jet
fuel imports during the reporting week.
Motor gasoline inventories in the PADD 3 region fell by 2.3 million bbl to
77.2 million bbl during the reference week, reversing the previous week's 2.2
million bbl build. Inventories remained 6.7 million bbl below the 83.9 million
bbl reported during the same week last year. Gasoline imports into the Gulf
Coast averaged 7,000 bpd, down from 72,000 bpd the previous week and below the
55,000 bpd reported during the comparable week of 2025.
Crude oil inventories in PADD 3 fell by 2.2 million bbl to 251.4 million bbl
during the reference week following two consecutive weekly builds. Inventories
were 11.6 million bbl above the 239.8 million bbl reported during the same week
last year. Crude oil imports into the Gulf Coast averaged 1.736 million bpd, up
from 1.583 million bpd the previous week and above the 1.147 million bpd
reported during the comparable week of 2025.
Refinery utilization on the Gulf Coast fell to 97% of operable capacity from
97.9% the previous week, while crude oil inputs into refineries averaged 9.520
million bpd, down from 9.619 million bpd the week before, EIA data showed.
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