EIA: PADD 2 Gasoline Stocks Slip 2.4M Bbl W-o-W

DAVENPORT, FL (DTN) — Midwest PADD 2 gasoline, distillate, and jet fuel inventories declined during the week ending October 24, while crude oil stocks posted a build, U.S. Energy Information Administration data released Wednesday (10/29) showed.

PADD 2 gasoline stocks fell by 2.4 million bbl to 43.4 million bbl in the profiled week, and were 1 million bbl lower from the level recorded in the same week last year. Gasoline imports increased slightly to 21,000 bpd from 18,000 bpd the prior week, compared with 3,000 bpd in the same week last year.

PADD 2 distillate inventories declined by 2.3 million bbl to 25 million bbl in the reference week, below the 26.4 million bbl recorded in the same week last year. The region reported no distillate imports, unchanged from the prior week and the same week last year.

Midwest jet fuel inventories decreased by 900,000 bbl last week to 6.7 million bbl. That was 400,000 bbl lower from the volume reported in the same week last year. The region continued to report zero imports of jet fuel on both a weekly and year-over-year basis.

Crude oil inventories in PADD 2 rose by 2.1 million bbl to 103.7 million bbl in the week ending October 24, compared with 105.6 million bbl reported during the same week last year.