EIA: PADD 1 Sees Weekly Gasoline, Distillates Build

HOUSTON, TX (DTN) – East Coast (PADD 1) distillates and gasoline inventories rose in the week ended February 27, reversing two consecutive weeks of declines, while jet fuel stocks recorded a weekly draw, according to data released by the U.S. Energy Information Administration on Wednesday (3/4).

Distillate fuel oil inventories in the region increased by 1.9 million bbl to 27.5 million bbl in the week ending February 27 and were below the 29.4 million bbl recorded in the same week last year. Distillate imports averaged 10,000 bpd last week, which is 6,000 bpd higher than the previous week and above the 9,000 bpd seen in the same week last year.

Motor gasoline stocks in PADD 1 rose by 1.6 million bbl to 66.7 million bbl in the profiled week, marking the first increase in the last three weeks, according to EIA data. Inventories were above the 66.3 million bbl reported in the same week in 2025. Gasoline imports on the East Coast edged higher by 800,000 bbl to 373,000 bpd, but were below the 447,000 bpd imported in the same week last year.

Higher gasoline and distillate inventories reflected weaker demand driven by the severe weather that affected the East Coast during the reference week.

Jet fuel inventories in PADD 1 dropped by 800,000 bbl to 8.7 million bbl in the week ending February 27 and were below the 9 million bbl recorded in the same week last year. 

Refinery utilization in the profiled week climbed to 92% from 87.9% the prior week, the EIA data showed.

Crude oil inventories on the East Coast fell by 800,000 bbl to 9.3 million bbl in the respective week and were above 8.2 million bbl recorded on a yearly basis. Crude oil imports fell by 70,000 barrels to 764,000 bpd, but were higher than the 358,000 bpd recorded in the same week last year.