EIA: PADD 3 Gasoline Stocks at 8-Year Low


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- U.S. Gulf Coast (PADD 3) gasoline inventories fell to 
their lowest level in nearly eight years during the week ended July 10, while 
distillate fuel inventories increased, jet fuel stocks rose 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 900,000 bbl to 75.5 
million bbl during the reference week, the lowest level since the week ended 
September 22, 2017, when stocks stood at 74.2 million bbl. Inventories were 9 
million bbl below the same week last year. Gasoline imports into the Gulf Coast 
averaged 29,000 bpd, down from 59,000 bpd the previous week but above the 
11,000 bpd reported during the comparable week of 2025.

   Distillate fuel oil inventories, the feedstock for diesel, increased by 2 
million bbl to 45.9 million bbl during the profiled week. Despite the build, 
inventories remained near historically tight seasonal 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 2.7 million 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 increased by 500,000 bbl to 17.1 million bbl during the 
reference week and were 2.2 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 1.3 million bbl to 235.9 million 
bbl, the lowest level since the week ended February 27, 2026. Inventories were 
4.9 million bbl below the same week last year. Crude oil imports into the Gulf 
Coast averaged 846,000 bpd, up from 841,000 bpd the previous week but below the 
1.251 million bpd reported during the comparable week last year.

   Refinery utilization on the Gulf Coast increased to 97.1% of operable 
capacity from 96.5% the previous week, while crude oil inputs into refineries 
averaged 9.507 million bpd, up from 9.401 million bpd the week before, EIA data 
showed.




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