EIA: PADD 3 Gasoline Stocks Lowest in 9 Months


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- U.S. Gulf Coast (PADD 3) gasoline inventories dropped 
to their lowest level in nine months during the week ended July 3, while 
distillate fuel inventories increased, jet fuel stocks edged down and crude oil 
inventories remained near five-month lows, according to the U.S. Energy 
Information Administration's Weekly Petroleum Status Report released Wednesday.

   Motor gasoline inventories in the PADD 3 region fell by 200,000 bbl to 76.4 
million bbl during the reference week, the lowest level since the week ended 
Oct. 11, 2024, when stocks stood at 76.2 million bbl. Inventories were 9.4 
million bbl below the same week last year. Gasoline imports into the Gulf Coast 
averaged 59,000 bpd, down from 73,000 bpd the previous week but above the 2,000 
bpd reported during the comparable week of 2025.

   Distillate fuel oil inventories, the feedstock for diesel, increased by 1.2 
million bbl to 43.9 million bbl during the profiled week. Despite the increase, 
inventories remained near historically tight levels and were the lowest for 
this time of year since the week ended May 8, when stocks stood at 39 million 
bbl. Inventories were 900,000 bbl above 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 declined by 200,000 bbl to 16.6 million bbl during the 
reference week but remained 1.6 million bbl above the same week last year. As a 
net exporter of jet fuel, the Gulf Coast reported no imports of the product 
during the reporting week.

   Crude oil inventories in PADD 3 fell by 300,000 bbl to 237.2 million bbl, 
the lowest level since the week ended Feb. 27, 2026. Inventories were 3.5 
million bbl below the same week last year. Crude oil imports into the Gulf 
Coast averaged 841,000 bpd, up from 807,000 bpd the previous week but below the 
1.395 million bpd reported during the comparable week last year.

   Refinery utilization on the Gulf Coast slipped to 96.5% of operable capacity 
from 98.1% the previous week, while crude oil inputs into refineries averaged 
9.401 million bpd, down from 9.613 million bpd the week before, EIA data showed.

    

    




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