EIA: PADD 1 Distillates Stocks Hit 10-Month Low


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- East Coast (PADD 1) distillate fuel oil inventories 
declined for a second consecutive week in the week ended May 1, falling to the 
lowest level in nearly 10 months, while gasoline stocks rose, jet fuel 
inventories moved lower, and crude oil inventories increased, according to data 
released by the U.S. Energy Information Administration on Wednesday (5/6).

   Distillate fuel oil inventories in PADD 1 declined by 1.3 million bbl to 
24.6 million bbl in the respective week and were slightly above the 24.3 
million bbl recorded in the same period last year. The latest level is the 
lowest since the week ended July 11, 2025, when inventories stood at 23.6 
million bbl. Distillate fuel oil imports averaged 97,000 bpd, up by 9,000 bpd 
from the prior week and above the 84,000 bpd imported in the same week last 
year.

   Motor gasoline stocks in PADD 1 increased by 1.3 million bbl to 56.9 million 
bbl in the week ended May 1, EIA data showed, though inventories remained below 
the 59.2 million bbl recorded in the same week last year. Gasoline inventories 
remained near the lowest levels since the week ended January 2, when stocks 
stood at 56.2 million bbl. Gasoline imports into the East Coast averaged 
416,000 bpd, up by 240,000 bpd week-over-week but below the 574,000 bpd 
imported in the comparable week of the prior year.

   Crude oil inventories on the East Coast increased by 900,000 bbl to 8.5 
million bbl week-over-week and were slightly below the 8.7 million bbl reported 
in the same week of 2025. Crude oil imports surged by 460,000 bpd to 596,000 
bpd and were above the 487,000 bpd recorded in the comparable week last year.

   Jet fuel inventories in PADD 1 declined by 400,000 bbl to 10.5 million bbl 
in the reference week and were above the 9.3 million bbl recorded in the same 
period last year. Imports of the product into the region averaged 19,000 bpd, 
up from 13,000 bpd the prior week and in line with the 19,000 bpd imported a 
year earlier.

   Refinery utilization on the East Coast increased to 89.2% from 86.1% the 
previous week, with crude oil inputs rising by 36,000 bpd to 825,000 bpd, EIA 
data showed.




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