EIA: PADD 1 Gasoline Stock Off 1.2Mb W-o-W, Distillate Dip

DAVENPORT, FL (DTN) — East Coast PADD 1 crude oil, gasoline, and jet fuel inventories declined during the week ending October 17 while distillate stocks also fell, U.S. Energy Information Administration data released Wednesday (10/22) showed.

PADD 1 gasoline stocks fell by 1.2 million bbl to 55.3 million bbl in the profiled week and were 1.3 million bbl below the level recorded in the same week last year. Gasoline imports decreased to 289,000 bpd from 383,000 bpd the prior week and were also below the 391,000 bpd reported in the corresponding week last year.

PADD 1 distillate inventories declined by 900,000 bbl to 26.8 million bbl in the reference week, and were 5.6 million bbl lower than the volume recorded in the same week last year. The region imported 32,000 bpd of distillates, down from 111,000 bpd the prior week and from 70,000 bpd in the same week last year.

East Coast jet fuel inventories fell by 1.3 million bbl to 8.4 million bbl in the respective week. That was 2.9 million bbl below the volume reported in the corresponding week last year. Regional jet fuel imports stood at 14,000 bpd, in the first data of its kind published since the week ended September 5.

Crude oil inventories in PADD 1 fell by 500,000 bbl to 7.6 million bbl in the week ending October 17, compared with 8.1 million bbl reported for the year-ago period.