CEC: California Gasoline Stocks Climb 149,000 Bbl on Week

MIAMI, FL (DTN) --California gasoline inventories increased in the week ending January 16, supported by gains in Northern California that offset a slight decline in the south, according to the California Energy Commission’s Weekly Fuels Report released Thursday (1/22). Statewide gasoline stocks, including CARB reformulated, non-California, and blending components, climbed by 149,000 bbl to 11.097 million bbl, but are down 1% from last year. Northern California gasoline inventories rose by 173,000 bbl to 5.718 million bbl, remaining 18% above year ago levels. Northern CARB reformulated gasoline stocks climbed by 252,000 bbl to 3.723 million bbl. Northern non-California gasoline stocks increased by 108,000 bbl to 277,000 bbl, while Northern blending components declined by 187,000 bbl to 1.718 million bbl. Southern California gasoline inventories edged lower by 25,000 bbl to 5.379 million bbl, though still 15% below last year. Southern CARB reformulated gasoline stocks slipped by 73,000 bbl to 2.167 million bbl. Southern non-California gasoline stocks fell by 18,000 bbl to 513,000 bbl, while Southern blending components increased by 66,000 bbl to 2.699 million bbl. Statewide gasoline production declined by 117,000 bbl to 5.383 million bbl, but remained 5% higher than last year. Southern California gasoline production increased by 85,000 bbl to 3.451 million bbl, up 9% annually. Southern CARB reformulated gasoline production climbed by 120,000 bbl to 3.152 million bbl, while Southern non-California gasoline production declined by 35,000 bbl to 299,000 bbl. Northern California gasoline production fell by 202,000 bbl to 1.932 million bbl, but remained 3% below last year. Northern CARB reformulated gasoline production declined by 182,000 bbl to 1.8 million bbl, while Northern non-California gasoline production slipped by 20,000 bbl to 132,000 bbl.