EIA: PADD 1 Weekly Distillate Stocks Hit 1-Year Low


   
Maria Eugenia Garcia
DTN Energy Editor

   HOUSTON TX (DTN) -- U.S. East Coast distillate fuel oil stocks dropped to 
their lowest level in nearly one year during the week ended June 19,  while 
crude and gasoline inventories rose in the same period, amid a refinery 
utilization decline, according to the U.S. Energy Information Administration 
(EIA) Weekly Petroleum  Status Report released on Wednesday (6/24).

   Distillate inventories on the East Coast fell by 2.3 million bbl to 21.4 
million bbl during the profiled week, their lowest since June 27, 2025, when 
they stood at 21.5 million bbl, EIA data showed. This was 1.5 million bbl below 
the 22.9 million bbl recorded in the same week of last year.

   East Coast distillates imports also dipped by 19,000 bpd to 84,000 bpd 
week-on-week and were 30,000 bpd lower than the volume reported in the same 
period of last year, EIA data showed.

   In contrast, gasoline stocks in PADD 1 edged up by 120,000 bbl to 58 million 
bbl last week, hitting their highest level since April 3, when they stood at 
57.7 million bbl. However, they remained below 60.8 million bbl reported in the 
same period last year.

   East Coast gasoline imports rose by 68,000 bpd to 451,000 bpd during the 
week ended June 19, this was 249,000 bpd below the volume reported a year 
earlier.

   Jet fuel inventories in the PADD 1 region climbed by 1.3 million bbl to 11.6 
million bbl, week-over-week. This was up by 400, 000 bbl from 11.2 million bbl 
recorded during the same period last year.

   PADD 1 jet fuel imports dipped to 6,000 bpd in the week ended June 19,  
nearly half the 13,000 bpd recorded last week and the same period a year 
earlier.

   Crude stocks on the East Coast rose by 600,000 bbl to 8.5 million bbl on a 
weekly basis but were 600,000 bbl below the inventories recorded in the same 
week of prior year.

   Crude imports into the East Coast averaged 540,000 bpd last week, nearly 
three times the 211,000 bpd reported the prior week. Imports were 251,000 bpd 
below the volume seen in the same week of last year.

   Refinery utilization in the same region dropped to 76.5% last week compared 
with 87.1% a week earlier.




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