EIA: PADD 5 Gasoline Stocks Rebound on Week

MIAMI, FL (DTN) – U.S. West Coast gasoline inventories rebounded last week while distillate and jet fuel stocks declined in the week ended July 10, Energy Information Administration data showed Wednesday (7/15).

Motor gasoline inventories in the PADD 5 region rebounded after declining the previous week, climbing by 500,000 bbl to 29.4 million bbl during the week ended July 10, the EIA’s Weekly Petroleum Status Report showed. Year-on-year, gasoline stocks in the region were 1.8 million bbl lower. PADD 5 gasoline imports slipped by 5,000 bpd to 100,000 bpd last week and were 44,000 bpd lower compared with the same week a year earlier.

Distillate fuel oil inventories in the region declined by 200,000 bbl to 10.9 million bbl during the week profiled but were 400,000 bbl higher than the volume reported during the same period last year, EIA data showed. Jet fuel stocks on the West Coast fell by 200,000 bbl to 12.1 million bbl but were 600,000 bbl higher than a year ago.

PADD 5 reported no jet fuel imports during the week. Distillate imports increased to 27,000 bpd from 4,000 bpd the prior week and were 21,000 bpd higher than the same week last year.

Crude oil inventories in PADD 5 grew by 800,000 bbl to 46.1 million bbl during the reporting week but were 2.5 million bbl lower than the same week last year. Crude imports increased by 29,000 bpd to 939,000 bpd and were 283,000 bpd lower compared with the same week a year earlier.

Refinery utilization on the West Coast slipped to 90.2% from 91.0% the previous week, according to EIA data.