CEC: California Gasoline Stocks See 574Kb Weekly Draw


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- California gasoline inventories fell in the week ending 
October 24, led by sharp drawdowns in Southern California, according to the 
California Energy Commission's Weekly Fuels Report released Thursday (October 
30).
Statewide gasoline stocks, including CARB reformulated, non-California, and 
blending components, fell by 574,000 bbl to 10.806 million bbl, up 11% year 
over year.
Southern California saw the largest movement last week, with total gasoline 
inventories dropping by 748,000 bbl to 5.714 million bbl. CARB reformulated 
gasoline in the region fell by 157,000 bbl to 2.485 million bbl. Non-California 
gasoline plunged by 197,000 bbl to 596,000 bbl. Blending component stocks 
dropped by 394,000 bbl to 2.633 million bbl, marking a broad decline across 
categories.
Northern California gasoline inventories, meanwhile, climbed by 174,000 bbl to 
5.092 million bbl week-over-week , with strong increases in blending components 
offsetting small CARB reformulated declines. Northern CARB gasoline fell by 
116,000 bbl to 2.731 million bbl. Non-California gasoline rose by 115,000 bbl 
to 487,000 bbl. Gasoline blending components climbed by 175,000 bbl to 1.874 
million bbl.
Statewide gasoline production decreased by 74,000 bbl to 5.131 million bbl in 
the week ending October 24, down 18% year over year. Southern California led 
the decline, with total production climbing slightly by 134,000 bbl to 3.464 
million bbl, but still down 18% annually. Southern CARB gasoline production 
increased by 169,000 bbl to 3.218 million bbl. Non-California gasoline dropped 
by 35,000 bbl to 246,000 bbl.
Northern California gasoline production declined by 208,000 bbl to 1.667 
million bbl, marking a 17% annual decrease. Northern CARB output fell by 
269,000 bbl to 1.496 million bbl, while non-California gasoline rose by 61,000 
bbl to 171,000 bbl.

    




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