CEC: California Gasoline Stocks Up 126K Bbl on Week


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) --California gasoline inventories, including blending 
components, increased in the week ending September 12, after recording draws 
for two consecutive weeks, with Northern California showing the largest 
movement, according to the California Energy Commission's Weekly Fuels Report 
released Thursday (9/18).
Statewide gasoline inventories, including CARB, non-California grades, and 
blending components, climbed by 126,000 bbl to 11.692 million bbl in the 
reference week. This was 3.7% lower than the volume reported in the same period 
last year.
In Northern California, overall gasoline inventories rose by 244,000 bbl to 
5.577 million bbl last week, a 1.4% increase year-over-year. CARB gasoline in 
the same region increased by 226,000 bbl to 3.429 million bbl, non-California 
gasoline climbed by 28,000 bbl to 220,000 bbl, while blending components edged 
down 10,000 bbl to 1.928 million bbl.
Southern California gasoline stocks fell by 118,000 bbl to 6.115 million bbl 
during the week ending September 12, a 7% decline compared to the same week of 
last year. CARB gasoline dropped by 27,000 bbl to 2.972 million bbl, 
non-California gasoline slipped 51,000 bbl to 734,000 bbl, and blending 
components decreased 40,000 bbl to 2.409 million bbl.

   Production across the state also strengthened after the total gasoline 
output climbed by 436,000 bbl to 5.895 million bbl in the reference week, up 
7.5% year-over-year.

   Southern California led the gains increasing output by 316,000 bbl to 3.922 
million bbl last week, a 2.5% rise compared to the same period last year. The 
increase was driven by a 299,000 bbl hike in CARB gasoline to 3.347 million bbl 
and a 17,000 bbl rise in non-California gasoline to 575,000 bbl.
Northern California output also increased, rising by 120,000 bbl to 1.973 
million bbl as of last week, a 19% jump from the same period of last year. CARB 
gasoline production climbed by 357,000 bbl to 1.821 million bbl, while 
non-California gasoline dropped by 237,000 bbl to 152,000 bbl during the 
profiled week




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